Mexco Energy trading resumes
13:20 EDT Mexco Energy (MXC) trading resumes
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
31 minutes ago
- Yahoo
Nippon Steel needs ‘management freedom' for U.S. Steel deal, Nikkei reports
Nippon Steel's (NPSCY) planned takeover of U.S. Steel (X) may not proceed if the Japanese company has insufficient freedom of management, Nikkei Asia's Naoki Matsuda reports, citing comments made by a Nippon Steel executive. U.S. President Trump on Thursday said that the U.S. will have a 'golden share' in U.S. Steel and that he would exercise 'total control' over the fate of the steelmaker. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on X: Disclaimer & DisclosureReport an Issue Mixed options sentiment in US Steel with shareslittle changed Trump Trade: U.S. President says China getting 10% tariffs in 'done' deal Elon Musk's X Threatens Advertisers With Lawsuits to Win Back Ad Dollars U.S., Mexico near deal to remove 50% steel tariffs, Bloomberg reports Option traders moderately bearish in US Steel with shares down 0.3% Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31 minutes ago
- Yahoo
Paysign price target raised to $8 from $7 at DA Davidson
DA Davidson analyst Peter Heckmann raised the firm's price target on Paysign (PAYS) to $8 from $7 and keeps a Buy rating on the shares. Last week, Paysign announced the company had been awarded 132 established plasma donation centers through an expansion of a relationship with a major plasma collection company, and the firm believes this will increase the company's total plasma locations to 613 centers, a 27% increase over the 484 locations served at the end of Q1, the analyst tells investors in a research note. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on PAYS: Disclaimer & DisclosureReport an Issue PaySign's Strong Growth Potential and Strategic Positioning in Healthcare: A Buy Rating by Gary Prestopino Paysign participates in a conference call with DA Davidson PaySign's Strong Growth Potential and Strategic Positioning Earns Buy Rating from Analyst Paysign awarded 132 plasma donation centers Paysign price target raised to $6-$7 range from $5 at Barrington
Yahoo
36 minutes ago
- Yahoo
Coffee Holding reports Q2 EPS 11c vs. ‘slight loss' last year
Reports Q2 revenue $23.3M vs. $19M last year. 'We are pleased to report another quarter of strong results to our shareholders' said Andrew Gordon, CEO. 'We grew sales by 22% while maintaining last quarter's 19% gross margin on our revenues, in spite of our losing money on our largest wholesale supermarket customer during the quarter, due to a prior contractual obligation at lower green coffee market pricing. In addition, our revenues growth was achieved with lower selling, general and administrative expenses, indicating that future revenues growth may be achieved more efficiently to improve our bottom line results. Although the quarter proved challenging, I believe we navigated the situation well to produce a positive outcome for our shareholders. Early February saw Arabica prices trade up 12 consecutive days to lifetime highs, up over $1.00/lb. or 25% in a little over three weeks. This rapid, unprecedented move in green coffee prices forced us to initiate another round of price increases for our private label and branded coffee products. Unfortunately, price increases to these customers typically have a delayed effect and thus our gross margins and profitability on these accounts were negatively affected for several weeks during the quarter. However, all increases are now in effect and our results moving forward should reflect this fact. Following February's dramatic market move, the announcement of potential tariffs on imports of coffee spooked the market in early April; sending coffee prices sharply lower, as macro and future demand concerns weighed on market sentiment. We were opportunistic during the selloff, extending inventory positions ahead of the potentially negative effects of tariffs; providing us with additional inventory coverage at lower 'tariff free' market price levels. Because of this, we believe these tariffs, along with the rebound in the green coffee market, will give us a slight tailwind to start the third quarter, as many of our competitors have been forced to increase prices to mo'st customers, thus giving us a competitive advantage for the immediate future. This is extremely important as our sales of our Cafe Caribe and Cafe Supremo continue to remain strong in the highly competitive Latin espresso coffee space. The results from our recent acquisition, Empire Coffee Company, were also encouraging as we cut our loss from the first quarter in half and increased our sales by quarter's end to the level which Empire was at prior to their descent on tough times. We believe that this business, Second Empire, will be accretive to earnings by the end of our next quarter, confirming the anticipated turnaround in operations in a much shorter time frame than we had hoped for when we originally assessed the acquisition opportunity. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Disclaimer & DisclosureReport an Issue
