Stocks Faring Away From Broker’s Choice: Nxstage Medical (NASDAQ:NXTM), Castle Brands (NYSE:ROX)

Nxstage Medical, Inc. (NASDAQ:NXTM) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -3.15% to $28.56. NxStage Medical Inc. (NXTM) declared a loss of $1.6 million in its fourth quarter.The Lawrence, Massachusetts-based company said it had a loss of 2 cents per share.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for a loss of 2 cents per share. The medical device company posted revenue of $93 million in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $91.8 million. For the year, the company declared that its loss narrowed to $4.8 million, or 7 cents per share. Revenue was declared as $366.4 million. For the current quarter ending in April, NxStage said it expects revenue in the range of $95 million to $97 million.

The company expects full-year revenue in the range of $400 million to $405 million. The share price of NXTM attracts active investors, as stock price of week volatility recorded 3.29%. The stock is going forward to its 52-week low with 111.71% and lagging behind from its 52-week high price with -4.77%.

Castle Brands Inc. (NYSE:ROX) [Trend Analysis] surged reacts as active mover, shares increase 42.49% to traded at $1.04 and the percentage gap between open changing to regular change was 80.85%. Castle Brands Inc. (NYSEMKT:ROX) reported that contact to supply Goslings Stormy Ginger Beer and Goslings Stormy Diet Ginger Beer to all U.S. Walmart stores. Consumers can expect to find Goslings Stormy Ginger Beer in Walmart stores in March 2017. In addition to its uses as a stand-alone soft drink and as a mixer, Goslings Stormy Ginger Beer and Goslings Black Seal Rum combine to make the trademarked Dark n’ Stormy Cocktail.

John Glover, Chief Operating Officer of Castle Brands said, “Supplying Walmart with both the Regular and Diet Goslings Stormy Ginger Beer adds to the brand’s impressive growth and strengthens our position in the U.S. market. We are pleased that Walmart has implemented a full store roll-out. We look forward to working with Walmart to promote the continued success of Goslings Stormy Ginger Beer.”

The firm’s current ratio calculated as 3.60 for the most recent quarter. The firm past twelve months price to sales ratio was 2.16 and price to cash ratio remained 179.52. As far as the returns are concern, the return on equity was recorded as -3.10% and return on investment was -1.30% while its return on asset stayed at -1.20%. The firm has total debt to equity ratio measured as 0.00.

 

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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