Home / Street Sector / Street Highjack By Active Movers: VeriFone Systems (PAY), Seaspan (SSW), KBR, Inc. (NYSE:KBR)

Street Highjack By Active Movers: VeriFone Systems (PAY), Seaspan (SSW), KBR, Inc. (NYSE:KBR)

VeriFone Systems, Inc. (NYSE:PAY) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.84% to close at $18.83 with the total traded volume of 1.36 Million shares. Verifone (PAY) and Bank Audi, Lebanon’s largest bank, will provide thousands of merchants with point-of-sale devices designed to bring new payment and commerce capabilities to the Lebanon’s expanding retail market. The firm has institutional ownership of 95.20%, while insider ownership included 0.50%. Its price to sales ratio ended at 1.01. PAY attains analyst recommendation of 2.20 with week performance of 0.75%.

Seaspan Corporation (NYSE:SSW) [Trend Analysis] moved down reacts as active mover, shares a loss -1.45% to traded at $14.97 and the percentage gap between open changing to regular change was -0.39%. Seaspan Corporation (NYSE:SSW) reported that it plans to offer shares of its Series G Cumulative Redeemable Perpetual Preferred Shares in a registered public offering pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. Seaspan intends to use the net proceeds of the offering for general corporate purposes, which may include funding acquisitions, funding capital expenditures on existing newbuild vessels and debt repayments.

When accessible, copies of the prospectus supplement and acfirming base prospectus related to the offering may be obtained from ICBC International Securities Limited, 37/F ICBC Tower, 3 Garden Road, Hong Kong. The firm’s current ratio calculated as 1.30 for the most recent quarter. The firm past twelve months price to sales ratio was 1.84 and price to cash ratio remained 5.32. As far as the returns are concern, the return on equity was recorded as 7.40% and return on investment was 6.80% while its return on asset stayed at 2.20%. The firm has total debt to equity ratio measured as 1.97.

KBR, Inc. (NYSE:KBR) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -1.53% to $15.47. KBR, Inc. (KBR) revealed that it has won multiple contracts to provide services that include design management, project management, and procurement for several major civil infrastructure projects in Australia.

KBR was awarded a contract by Gateway South, a Joint Venture of Fulton Hogan and Laing O’Rourke, to deliver engineering and design services as part of a design team for the Darlington Upgrade Project in Adelaide, South Australia, which forms part of the major upgrade of Adelaide’s North-South Road Corridor, one of the city’s largest and most important transport routes. KBR will provide detailed design services for the upgrade of 3.3 kilometers of existing urban arterial road to deliver a lowered motorway to bypass five major signalized intersections, ten new bridges, and infrastructure for a significant intelligent transport system. Work is expected to be completed by the end of 2018. The contract value was not disclosed. Estimated revenue from the contract will be booked into backlog of unfilled orders for KBR’s Engineering & Construction (E&C) business segment in Q3 of 2016. The share price of KBR attracts active investors, as stock price of week volatility recorded 1.74%. The stock is going forward to its 52-week low with 34.71% and lagging behind from its 52-week high price with -21.20%.


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