Services Stocks In News; Covenant Transportation Group (NASDAQ:CVTI), DGSE Companies (NYSEMKT:DGSE), Chanticleer (NASDAQ:HOTR), Acorn International (NYSE:ATV), Alco Stores (NASDAQ:ALCS)

Technology Stocks News 6

Covenant Transportation Group, Inc. (NASDAQ:CVTI) was upgraded by analysts at Avondale Partners from a market perform rating to an outperform rating. Avondale Partners currently has $4.50 target price on the stock, down from their previous target price of $12.00. Covenant Transportation Group, Inc. (NASDAQ:CVTI) stock performance was 5.48% in last session and finished the day at $12.32. Traded volume was 83,637.00million shares in the last session and the average volume of the stock remained 38.65K shares. The beta of the stock remained 1.18. Covenant Transportation Group, Inc. (NASDAQ:CVTI) insider ownership is 31.60%.

The SEC recently announced the settlement of charges against DGSE Companies Inc. (NYSEMKT:DGSE) and its former CFO for accounting fraud resulting primarily from his manipulation of the company’s accounting for inventory. DGSE disclosed in April 2011 that it had a material weakness in its internal control related to account reconciliations associated with inventory, depository accounts, and intercompany accounts as of December 31, 2010 and that it had restated its financial statements for the quarters ended June 30 and September 30, 2010 in order to adjust the amounts of customer deposits, accounts payable, and inventory. DGSE Companies, Inc. (NYSEMKT:DGSE) dropped -3.55 percent to $1.63 Thursday on volume of 48,257.00million shares. The intra-day range of the stock was $1.57 to $1.78. DGSE Companies, Inc. (NYSEMKT:DGSE) has a market capitalization of $19.89million.

On May 15, 2014, Chanticleer Holdings, Inc. (NASDAQ:HOTR) issued a press release announcing its 2014 first quarter financial results. Chanticleer Holdings Inc (NASDAQ:HOTR)’s stock on June 19, 2014 reported a increase of 5.81% to the closing price of $2.73. Its fifty two weeks range is $1.86 -$5.84. The total market capitalization recorded $17.26million. The overall volume in the last trading session was 36,625.00million shares. In its share capital, HOTR has 6.32million outstanding shares.

Acorn International, Inc. (ADR) (NYSE:ATV), a media and branding company in China engaged in developing, promoting and selling products through extensive direct and distribution networks, today announced its unaudited financial results for the first quarter ended March 31, 2014. Net revenues were $28.3 million, a decrease of 45.3% from $51.8 million in the first quarter of 2013. Gross profit was $12.2 million, a decrease of 50.5% from $24.7 million in the first quarter of 2013. Gross margin was 43.2%, as compared to 47.8% in the first quarter of 2013. Operating loss was $8.9 million, as compared to $7.8 million in the first quarter of 2013. Net loss attributable to Acorn was $8.3 million, as compared to $6.9 million in the first quarter of 2013. Basic and diluted loss per American Depositary Share (“ADS”, one ADS represents three ordinary shares) was $0.30, as compared to basic and diluted loss per ADS of $0.23 in the first quarter of 2013. On Thursday, shares of Acorn International, Inc. (ADR) (NYSE:ATV) advanced 3.35% to close the day at $1.85. Company return on investment (ROI) is -26.60%. Acorn International, Inc. (ADR) (NYSE:ATV) quarterly revenue growth is 7.56%.

ALCO Stores, Inc. (NASDAQ:ALCS), which specializes in providing a superior selection of essential products for everyday life in small-town America, today announced operating results for its first quarter ended May 4, 2014. Alco Stores Inc (NASDAQ:ALCS) stock performance was -2.40% in last session and finished the day at $8.14. Traded volume was 28,815.00million shares in the last session and the average volume of the stock remained 3.86K shares. The beta of the stock remained 0.45. Alco Stores Inc (NASDAQ:ALCS) insider ownership is 18.12%.

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone