Lakeway, TX -- (SBWIRE) -- 03/06/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Universal Display Corporation (NASDAQ:PANL) shares increased 2.19% to $32.62. The company last week reported fourth quarter net income of $5.39 million, versus $5.73 million in the prior-year quarter. However, earnings per share remained flat with last year at $0.12. Analysts expected the company to report earnings of $0.13 per share for the quarter. Revenues for the quarter surged 51 percent to $28.13 million from $18.66 million in the same quarter last year, and topped analysts' consensus estimate of $26.44 million.
Additionally, Wedbush restated its Neutral rating on PANL and raised its price target from $20.00 to $28.00 last week week.
How Should Investors Trade PANL After The Recent Volatile Moves? Find Out Here
M/I Homes Inc (NYSE:MHO) shares climbed 2.18% and closed at $23.90 after the company yesterday announced the pricing and upsizing to $75 million aggregate principal amount of its previously announced public offering of convertible senior subordinated notes due 2018. The Company also granted to the underwriters an option to purchase up to an additional $11.25 million aggregate principal amount of notes. Citigroup, J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers for the notes offering.
Additionally, Fitch Ratings has affirmed the ratings for MHO, including the company's Issuer Default Rating (IDR) at 'B'. The Rating Outlook is Stable.
Is MHO Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here
The Gap Inc. (NYSE:GPS) stock jumped 2.17% to $34.38. The company, on Feb. 28, announced that its Board of Directors has approved a plan to increase the company's annual dividend per share by 20 percent, from $0.50 in fiscal year 2012 to $0.60 in fiscal year 2013. The first quarterly dividend of $0.15 per share was declared for payment on or after May 1, 2013 to shareholders of record at the close of business on April 10, 2013. Additional quarterly dividends are expected to be paid in July, October, and January.
Can GPS Rebound After The Recent Slump and Investors Can Make Money? Find Out Here
ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) shares climbed 2.16% and closed at $4.74. The company today announced the start of a multicenter, single arm Phase 2 investigator-sponsored study of palifosfamide (ZIO-201) in patients with recurrent metastatic germ cell (testicular and ovarian) tumors who have relapsed on initial platinum-based therapy and high dose chemotherapy, or patients who are not eligible for high dose chemotherapy.
Is ZIOP Ready To Move Back To New Highs This Year? Find Out Here
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