Home / Features / Sprint Corporation (NYSE:S) Stopped Leasing Certain Android phones to Consumers- Royal Bank of Scotland (NYSE:RBS)

Sprint Corporation (NYSE:S) Stopped Leasing Certain Android phones to Consumers- Royal Bank of Scotland (NYSE:RBS)

Sprint Corporation (NYSE:S) [Trend Analysis] moved down reacts as active mover, shares a loss -2.00% to traded at $7.84 and the percentage gap among open changing to regular change was 1.25%. Sprint Corp. (S) stopped leasing certain Android phones to consumers following finding that the devices weren’t holding their value on the used market. Android devices comprising the Samsung Galaxy, together with models from HTC and LG, were withdrawn from Sprint’s leasing program in September, Chief Financial Officer Tarek Robbiati stated at an investor conference Wednesday.

The retreat follows Sprint’s decision to take a $111 million charge in the third quarter to cover losses on unreturned phones. Though the carrier still offers $27.09-a-month leases on Apple iPhones for no money down, the percentage of their consumers who rent phones dropped to 39 percent in the most recent quarter from 51 percent a year earlier. The firm’s current ratio calculated as 0.70 for the most recent quarter. The firm past twelve months price to sales ratio was 0.96 and price to cash ratio remained 5.52. As far as the returns are concern, the return on equity was recorded as -9.30% and return on investment was 0.30% while its return on asset stayed at -2.30%. The firm has total debt to equity ratio measured as 1.88.

The Royal Bank of Scotland Group plc (NYSE:RBS) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -1.22% to $4.85. Royal Bank of Scotland Group Plc has given warning that it would be unable to handle a new financial crash following failing the recent round of Bank of England stress tests deinked to assess the strength of the United Kingdom’s largest lenders. The share price of RBS attracts active investors, as stock price of week volatility recorded 1.87%. The stock is going forward to its 52-week low with 24.04% and lagging behind from its 52-week high price with -48.57%.

 

About Devon Leftovich

Check Also

hpq

HP (NYSE:HPQ) Sign Of The Rebuilding Needed following Corporate Demolition Of A Year Ago- Omnicell (NASDAQ:OMCL)

Several matter pinch shares of HP Inc. (NYSE:HPQ) [Trend Analysis], as shares moving up 1.65% to $15.40 …

Leave a Reply

Your email address will not be published. Required fields are marked *