Sony Corporation (NYSE:SNE)- Short Call at News Buzzer: AK Steel Holding Corporation (NYSE:AKS)

Sony Corporation (NYSE:SNE) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 1.58% to $29.58. The European Union’s anti-trust watchdog has fined Sony, Panasonic and Sanyo for price fixing in the market for batteries used in laptops and mobile phones. The European Commission, which polices competition issues in the EU, fined the three a total of EUR 166 million ($176 million or roughly Rs. 1,190 crores) for breaking antitrust rules along with Samsung SDI. Samsung SDI avoided a fine because it blew the whistle on the cartel.

EU Competition Commission Margrethe Vestager said in a statement Monday that collusion among the four “affected the prices of a number of goods sold to European consumers.” The share price of SNE attracts active investors, as stock price of week volatility recorded 1.11%. The stock is going forward to its 52-week low with 48.64% and lagging behind from its 52-week high price with -13.43%.

AK Steel Holding Corporation (NYSE:AKS) [Trend Analysis] surged reacts as active mover, shares an advance 2.64% to traded at $10.12 and the percentage gap between open changing to regular change was 0.71%. AK Steel (NYSE: AKS) said that it plans to release its fourth quarter and full-year 2016 financial results before the opening of trading on the New York Stock Exchange on Tuesday, January 24, 2017.

AK Steel will also provide live listening access on the Internet to its earnings conference call to be held at 11:00 a.m. Eastern Time on January 24, 2017. Access to the webcast will be accessible from the home page of the company’s website at www.aksteel.com. The webcast will be archived on the company’s website following the call until February 2, 2017 and will be accessible from the home page. The firm’s current ratio calculated as 1.80 for the most recent quarter. The firm past twelve months price to sales ratio was 0.56 and price to cash ratio remained 58.30. As far as the returns are concern, the return on equity was recorded as 11.00% and return on investment was -19.90% while its return on asset stayed at -2.30%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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