Industrial Goods Losers: Highpower International Inc (NASDAQ:HPJ), Vertex Energy Inc (NASDAQ:VTNR), CUI Global Inc (NASDAQ:CUI), Dixie Group Inc (NASDAQ:DXYN)

Technology Stocks News 15

Highpower International Inc (NASDAQ:HPJ), a developer, manufacturer and marketer of lithium and nickel-metal hydride (Ni-MH) rechargeable batteries, and a battery management systems and battery recycling provider, today announced financial results for the first quarter ended March 31, 2014. Net loss attributable to the Company for the first quarter of 2014 was $0.9 million, or $0.07 per diluted share, based on 14.0 million weighted average shares outstanding. Highpower International Inc (NASDAQ:HPJ) stock performance was -10.02% in last session and finished the day at $4.31. Traded volume was 832,787 shares in the last session and the average volume of the stock remained 665.63K shares. The beta of the stock remained 2.30. Highpower International Inc (NASDAQ:HPJ) insider ownership is 0.90%.

Vertex Energy Inc (NASDAQ:VTNR) is reporting for the quarter ending March 31, 2014. The pollution control company’s consensus earnings per share forecast from the 2 analysts that follow the stock is $0.08. This value represents a 60.00% increase compared to the same quarter last year. VTNR missed the consensus earnings per share in the 2nd calendar quarter of 2013 by -20%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for VTNR is 15.40 vs. an industry ratio of -14.10, implying that they will have a higher earnings growth than their competitors in the same industry. Vertex Energy Inc (NASDAQ:VTNR) dropped -5.15% to $8.47 yesterday on volume of 639,871 shares. The intra-day range of the stock was $8.24 – 9.01. Vertex Energy Inc (NASDAQ:VTNR) has a market capitalization of $185.58 million.

CUI Global Inc(NASDAQ:CUI) today announced that on May 9, 2014, the Company’s management, in consultation with its Audit Committee concluded that the Company’s previously issued unaudited interim condensed consolidated financial statements contained in its Quarterly Reports on Form 10-Q for the three and six month periods ended June 30, 2013, which was filed with the SEC on August 14, 2013 and the three and nine month periods ended September 30, 2013, which was filed with the SEC on November 13, 2013 and its audited annual consolidated financial statements for year ended December 31, 2013 contained in Form 10-K filed with the SEC on March 31, 2014 should no longer be relied upon, and should be restated. CUI Global Inc (NASDAQ:CUI)’s stock on May 12, 2014 reported a decrease of -6.36% to the closing price of $7.36. Its fifty two weeks range is $5.00 – 11.34. The total market capitalization recorded $151.37 million. The overall volume in the last trading session was 478,370 shares. In its share capital, CUI Global Inc(NASDAQ:CUI) has 20.57 million outstanding shares.

The Dixie Group Inc (NASDAQ:DXYN) announced on Monday 12, 2014 that it plans to make a public offering of 2.50 million shares of its common stock. In connection with the offering, the company intends to grant the underwriters an option for 30 days to purchase up to an additional 375,000 shares of common stock to cover over-allotments, if any. The company noted that it expects to use the net proceeds from this offering for general corporate purposes and to reduce the balance under its revolving credit facility, which includes borrowings associated with the recent acquisition of Atlas Carpet Mills. On Friday, shares of Dixie Group Inc (NASDAQ:DXYN) dropped -16.22% to close the day at $11.00. Company return on investment (ROI) is 5.10% and its monthly performance is recorded as -27.87%. Dixie Group Inc (NASDAQ:DXYN) quarterly revenue growth is -19.65%.

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