Staples, Inc. (NASDAQ:SPLS) [Trend Analysis] has kept up with the changing appetite, stock eased up around 0.58% in early session as it gain volume of 7.81 Million shares as compare to its average volume of 8642.35 shares and then traded at $10.36.
Office Depot (SPLS) confirmed that a judge has granted the FTC’s request for a preliminary injunction to block the proposed merger with Staples. co’s plan to terminate merger agreement. The firm declared that while they are respectful of the Court’s decision to grant the FTC’s request for a preliminary injunction to prevent thier merger with Staples, they are disappointed by this outcome and strongly believe that a merger would have benefitted all of our customers in the long term.
They do not intend to appeal the Court’s decision and the two companies plan to terminate the merger agreement effective May 16, 2016. As the Staples merger process comes to an end, we look forward to re-energizing our business. They remain committed to delivering their 2016 Critical Priorities and realizing the remaining synergies and efficiencies that come from the integration of Office Depot and OfficeMax. Once the Staples merger agreement is formally terminated, they plan to host an investor conference call on May 16 to discuss next steps in our go-forward strategy.
Moving toward the volatility measures, the price volatility of stock was 3.48% for a week and 2.95% for a month as well as price volatility’s Average True Range for 14 days was 0.33. The beta, which indicates risk in relegation to the market, remained 1.48. The firm past twelve months price to sales ratio was 0.32 and price to cash ratio remained 8.10. As far as the returns are concern, the return on equity was recorded as 7.10% and return on investment was 8.20%, while its return on asset stayed at 3.70%.
The liquidity measure in recent quarter results of company was recorded 1.60 as current ratio, on the other side the debt to equity ratio was 0.19, and long-term debt to equity ratio remained value missing. The Company has gross margin of 26.20% and profit margin was positive 1.80% in trailing twelve months.
Staples, Inc. (NASDAQ:SPLS) is ahead its 52 week low with 30.47%and going down from its 52 week high price with -35.84%. The company’s shares performance for the last one month was -6.07% and 0.48% in the previous week. The stock price of firm is moving down from its 20 days moving average with -2.70% and remote isolated negatively from 50 days moving average with -0.01%.