Boston, MA -- (SBWIRE) -- 09/09/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), Walter Energy, Inc. (NYSE:WLT), Hovnanian Enterprises, Inc. (NYSE:HOV), Alpha Natural Resources, Inc. (NYSE:ANR)
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares decreased 1.61% to $5.50. The company on August 30 announced its unaudited consolidated financial results for the quarter ended June 30, 2013. Total net revenues were RMB 3,378.3 million (US$550.4 million) in the second quarter of 2013, an increase of 26.1% from RMB 2,679.3 million in the first quarter of 2013 and up from RMB 3,103.5 million in the second quarter of 2012.
Net loss was RMB 320.8 million (US$52.3 million) in the second quarter of 2013, compared to RMB 611.8 million in the first quarter of 2013 and RMB 573.0 million in the second quarter of 2012. Loss per ordinary share and per ADS was RMB 2.05 (US$0.33) in the second quarter of 2013, compared to RMB 3.91 in the first quarter of 2013 and RMB 3.66 in the second quarter of 2012.
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Walter Energy, Inc. (NYSE:WLT) shares increased 3.47% to $15.16. Standard & Poor's Ratings Services said on Sept. 5 that it lowered its corporate credit rating on Walter Energy Inc. to 'B-' from 'B'. Standard & Poor's also lowered the ratings on the existing senior secured debt to 'B' from 'B+' and the senior unsecured debt to 'CCC+' from 'B-'.
Additionally, WLT’s Director David Beatty acquired 10,000 shares of Walter Energy stock on the open market in a transaction datedAugust 9. The shares were purchased at an average price of $12.49 per share, for a total transaction of $124,900.00.
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Hovnanian Enterprises, Inc. (NYSE:HOV) stock increased 2.78% to $5.18. The company will begin trading ex-dividend on August 12, 2013. A cash dividend payment of $0.453125 per share is scheduled to be paid on August 15, 2013. Shareholders who purchased HOV stock prior to the ex-dividend date are eligible for the cash dividend payment.
Additionally, the company will release its third quarter results for the period ended July 31, 2013 in the morning of Monday, September 9, 2013. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Monday, September 9, 2013.
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Alpha Natural Resources, Inc. (NYSE:ANR) shares increased 3.49% to $6.52. The company on August 28 announced topline results from the ongoing phase 2 of SGI-110 in patients with AML and MDS. The Phase 2 study is a randomized study of SGI-110 given either as 60 or 90 mg/m2 daily for 5 days in a 28-day course. As of end of June data cutoff, 67 AML patients had a minimum follow up of 3 months (50 patients representing the complete cohort of relapsed/refractory AML, and 17 patients in the treatment-naive elderly AML not suitable for induction chemotherapy cohort).
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