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Services Stocks Under Pressure – USA Technologies, Inc. (NASDAQ:USAT), Saks Inc (NYSE:SKS), Aeropostale, Inc. (NYSE:ARO).

on 16/04/2013

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Stocks that are being watched this morning are: USA Technologies, Inc. (NASDAQ:USAT), Saks Inc (NYSE:SKS), Aeropostale, Inc. (NYSE:ARO)

USA Technologies, Inc. (NASDAQ:USAT) declined with no major news. The company earlier this month declared that the U.S. Patent Office has granted USAT its 85th patent, further adding to USAT’s portfolio of intellectual property in the area of cashless payment and remote diagnostics. This most recent patent describes devices and methods for generating an alert for a vending machine.

Should USAT be a Buy or Sell Now? Find Out Here

USA Technologies, Inc. (NASDAQ:USAT) plunged -9.96% and closed at $2.08 in the last trading session with the total traded volume of 1.20 million shares. That’s more than the average volume of 220,080. USAT is now trading below its 50 day moving average of -14.42% and 200 day moving average of +15.82%.

It has outstanding shares of 33.05 million with the total market cap of $68.74 million and its beta value stands at 2.56 times, which shows that the stock is more volatile.

Saks Inc (NYSE:SKS) ended lower after the company declared that it has completed the redemption of $230.0 million outstanding principal amount of its 2.0% Convertible Senior Notes, payable on March 15, 2024 (the “Notes”). There were about 92% of the Notes, or $212.325 million, that were tendered at a redemption price equal to 100.2% of the principal amount of the Notes, in addition to, accrued and unpaid interest to the April 15, 2013 redemption date.

Can SKS Show a Strong Recovery? Find out in This Research Report

Saks Inc (NYSE:SKS) slipped -7.08%, to close at $11.15 and its overall volume in the last trading session was 6.65 million shares, beating the average volume of 1.81 million. SKS hit the day high price of $11.74 and day low of $11.05.

The stock is trading with positive year-to-date performance of +6.09%. It has current ratio of 1.98 and its debt-to-equity ratio is 0.31. The company has total market cap of $1.67 billion.

Aeropostale, Inc. (NYSE:ARO) fell after an insider selling activity was recorded. The company’s Group VP – Chief Acctg Officer, Ross A Citta, sold 1,477 shares at a per-share price of $14.05 on April 12.

Where is ARO Headed Exactly? Find out in This Trend Analysis Reports       

Aeropostale, Inc. (NYSE:ARO) decreased -5.35% to close at $13.27 in the last trading session and its total traded volume was 2.58 million shares, beating the average volume of 2.28 million. The company has market cap of $1.04 billion.

It has earnings per share of $0.43, net profit margin of 1.46% and operating margin of 2.49%.  The stock has positive year-to-date performance of +2.00% and is trading below its 50 day moving average of -1.54% and 200 day moving average of -6.40%.


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Source: anotherwinningtrade Posted Tue, April 16, 2013 12:31 - Permalink