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Los Angelas, CA -- (SBWIRE) -- 10/10/2012 -- OCZ Technology Gr (NASDAQ:OCZ) is very active today and traded between $1.86 - 2.09 with total traded volume of 10745080 shares. At a current price of 1.87,OCZ is -1.28 - -40.63% from the previous close of $3.15. Moreover, At Current Market Price, OCZ is in distance of -58.02% from its 50-day Moving Average price of $4.4546 and -64.81% from its 200-day Moving Average price of $5.3144.OCZ is plunging 47 percent to $1.65. The company has appointed Ralph Schmitt as its president and chief executive officer, effective immediately. The company said its second quarter revenue will be materially lower than the September 5th preliminary revenue range.Data-storage technology company OCZ Technology Group Inc. OCZ -38.41% (OCZ) appointed Ralph Schmitt as its new president and chief executive, replacing Ryan Petersen, who resigned last month. OCZ, which had been scheduled to report its latest earnings Wednesday afternoon, also said it is filing for an extension and expects to report “materially lower” revenue from its previous guidance of $110 million in $120 million, which had already been cut. Shares plunged 47% to $1.68 after trading resumed premarket.
Can OCZ Find The Top further? Find Out Here
Shares of Avnet, Inc. Commo (NYSE: AVT) are trading at $26.905 and is -13.71% of its 50-day Moving Average price of $31.1814 and -16.43% from its 200-day Moving Average price of $32.195. The average trading volume is 997620 shares and its market capitalization is $3.803B.Avnet Inc. is -5.78% (AVT) reported that fiscal first-quarter sales will be towards the lower end of original expectations. The company, which distributes semiconductors and other electronics components and computer products, also said earnings per share are expected to be below its previously announced expectations. The company attributes the mess to the combined negative impacts of lower than expected revenues, lower gross profit margin in the Western regions of its electronics marketing segment associated with the weakest sales environment, and a greater than anticipated geographic mix shift in the electronics marketing business where better-than-expected sales in the low-margin Asia region were more than offset by weaker sales in the high-margin Western regions. Shares fell 11% to $25.53 premarket.
How Should Investors React To AVT Now? Check here
Ferro Corp (FOE) -21.90% shares fell 10% after the company late Tuesday lowered its profit outlook for 2012.Ferro Corp. (NYSE:FOE) is currently trading at $3.33 down -8.3% in after-hours on 2400 shares traded. FOE is trading 4.01% above its 50 day moving average and -25.63% below its 200 day moving average. FOE is -51.60% below its 52-week higher and 36.98% above its 52-week low. Ferro Corporation is a producer of specialty materials and chemicals that are sold to a range of manufacturers who, in turn, make products for many end-use markets. It offers electronic, color, and glass materials, including conductive metal pastes etc.
Can FOE Recover? Find Out Here
Amarin Corporatio (NASDAQ:AMRN) is very active today and traded between $10.93 - 11.40 with total traded volume of 5155497 shares. At a current price of 11.18, AMRN is -0.68 - -5.73% from the previous close of $11.86. Moreover, At Current Market Price, AMRN is in distance of -14.42% from its 50-day Moving Average price of $13.0642 and -9.54% from its 200-day Moving Average price of $12.3589.Amarin Corporation plc (ADR) (NASDAQ:AMRN) shares declined 3.66% and closed at $11.86 in the last trading session after Amarin‘s stock had its “buy” rating reiterated by investment analysts at Roth Capital in a note issued to investors yesterday. Separately, Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Amarin Co. plc in a research note to investors last week.
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