Street Highjack By Active Movers: Citigroup (NYSE:C), L-3 Communications (NYSE:LLL)

Citigroup Inc. (NYSE:C) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.97% to close at $59.06 with the total traded volume of 29.76 Million shares. Citi (C) declared that its trading operations functioned appropriately in a thin and illiquid market during October’s “flash crash” in sterling, responding to a Financial Times report that a trader at the U.S. bank exacerbated the pound’s fall.

The FT cited unnamed bankers and officials as saying that Citi’s traders were not believed to have started the slide in the currency but that its Tokyo desk played a key role in sending the pound to its lowest levels in 31 years. Sterling fell sharply following a news event just after midnight UK time, when the GBP spot foreign exchange market was extremely illiquid,” Citi, the biggest player in the $5 trillion a day global currency market, said.

“Citi managed the situation appropriately and our systems and controls functioned throughout the period.” The firm has institutional ownership of 73.00%, while insider ownership included 0.10%. Its price to sales ratio ended at 2.99. C attains analyst recommendation of 2.10 with week performance of 4.73%.

L-3 Communications Holdings, Inc. (NYSE:LLL) [Trend Analysis] surged reacts as active mover, shares an advance 1.96% to traded at $161.56 and the percentage gap between open changing to regular change was 0.40%. Sarraf Gentile LLP released that a class action lawsuit has been filed against L-3 Communications Holdings, Inc. (NYSE:LLL) concerning possible violations of federal securities laws on behalf of purchasers of the Company’s common stock.

The action is pending in the United States District Court for the Southern District of New York and is captioned Patel v. L-3 Communications Holdings Inc., et al., No. 1:14-cv-06038. The complaint alleges that defendants issued materially false and misleading statements and/or omitted adverse information about the Company’s business and prospects. No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member. Sarraf Gentile LLP has not filed a lawsuit against the defendants. The firm’s current ratio calculated as 1.50 for the most recent quarter. The firm past twelve months price to sales ratio was 1.29 and price to cash ratio remained 30.44. As far as the returns are concern, the return on equity was recorded as 8.00% and return on investment was 5.60% while its return on asset stayed at 3.00%. The firm has total debt to equity ratio measured as 0.73.


About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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