Why Cliffs Natural Resources (CLF) Is On New Low With Gordmans Stores (GMAN), Seachange International (SEAC), Destination Maternity (DEST)

Basic Materials, CLF, Cliffs Natural Resources, DEST
Basic Materials, CLF, Cliffs Natural Resources, DEST

Casablanca Capital LP, the beneficial owner of throughout 5.2% of Cliffs Natural Resources Inc. (CLF), issued a letter to stockholders underscoring the alignment of its interests with those of all shareholders, reiterating its commitment to driving the real change needed to restore value, and calling on the Cliffs board to eliminate the “Proxy Put” threat revealed in Cliffs’ newest proxy filing. Despite destruction of value, a majority of the most recent Cliffs directors, incorporating its chairman, James Kirsch, linger in their seats. Cliffs Natural Resources Inc. (CLF), Industrial Metals & Minerals, is currently trading at $14.14, which escalated 2.76%. The stock is trading -32.85% below its 50 days high and 3.59% above its 50 days low. CLF has 5.95x price to cash flow ratio with 5.10% profit margin. Its beta value stands at 2.29 times. The firm has the market capitalization of $2165.97 million. CLF showed -22.35% quarterly performance. Investment experts consider it a ‘Moderate Sell’ stock.

Gordmans Stores Inc. (GMAN) reported a first quarter loss of $0.04 per share subsequent to the bell Wednesday, correlated to the profit of $0.17 per share in the prior year. Analysts probable a profit of $0.02 per share. The company expects to declare a second quarter loss of $0.16 to $0.13 per share. The consensus estimate is for a loss of $0.03. The stock is now down 0.82 on 8K shares. Gordmans Stores climbed above Wednesday’s range in the final hour of trade and closed up by 0.32 at $4.99. The price of Gordmans Stores, Inc. (GMAN), Apparel Stores company, stock escalated 0.00% to $4.15. The stock is dealing at -64.41% below its 52-week high and 1.47% above its 52-week low. Company has 19.41 million shares outstanding with $80.55 million market capitalization. Gordmans Stores, Inc. has $0.41 EPS currently and sees -66.10% growth this year and 1780.00% next year. GMAN’s yearly performance is -59.59%. Trade experts think of it as ‘Hold’ stock.

SeaChange International Inc (SEAC) Thursday declared first-quarter net loss of $9.5 million or $0.29 per share correlated with a loss of $2 million or $0.06 per share last year. Revenues for the quarter were lower at $24.3 million evaluated with $35.6 million in the prior year. Analysts polled by Thomson Reuters appreciated a loss of $0.02 per share on revenues of $30.87 million for the quarter. SeaChange International Inc. (SEAC), Application Software company, slid -0.97% in last regular trading to $8.17. The stock is priced with the difference of -28.64% 200-day simple moving average and -13.65% 50-day moving average. The RSI of stock currently approaches at the level of 25.85 with 3.12% weekly volatility. The firm maintained its -$0.07 EPS for the stock. SEAC showed -26.46% half yearly performance. Experts rate it a ‘Buy’ stock.

Destination Maternity Corp.(DEST), a maternity apparel retailer, Thursday announced lower earnings for the second quarter reflecting collapse in sales growth as well as certain charges. The company’s net income for the quarter decreased to $3.2 million or $0.24 per share from $5.9 million or $0.44 per share during the year-ago period. Excluding charges of $0.02 per share related to relocation of company’s headquarters and distribution centers, earnings were $0.26 per share. Destination Maternity Corporation (DEST), Apparel Stores, is currently trading at $22.46, which surged 0.27%. The stock is trading -21.35% below its 50 days high and 2.00% above its 50 days low. DEST’s return on investment is 20.00%. Company’s 97.20% shares are under accumulation by financial institutions compare to 1.60% by insiders. DEST’s yearly performance is -6.92%. Analysts rate it a ‘Buy’ stock.


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