The Kroger Co. (NYSE:KR)- Stocks Reaffirm To Gain Attentions: LightPath Technologies (NASDAQ:LPTH)

Shares of The Kroger Co. (NYSE:KR) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -0.06% to close at $35.94. Kroger Co. (KR) reported one-time Voluntary Retirement Offering for certain non-store associates in an effort to cut costs. The company said early retirement to 2,000 corporate employees, generally in administrative jobs, are eligible for the offer through early March. The company specified that the expenses related to the offer will be reflected in its first quarter 2017 results.

The effect of this plan was not included in the company’s initial comments on Fiscal 2017.Eligibility for the Voluntary Retirement Offering will generally include administrative associates who meet certain criteria related to age and years of service as of December 1, 2016. The offer does not include store and district associates, senior officers, and supermarket division presidents. Moving forward to saw long-term intention, the experts calculate Return on Investment of 13.40%. The stock is going forward its fifty-two week low with 25.65% and lagging behind from its 52-week high price with -14.81%. KR last month stock price volatility remained 2.50%.

LightPath Technologies, Inc. (NASDAQ:LPTH) [Trend Analysis] retains strong position in active trade, as shares scoring 6.56% to $1.30 in active trade session, while looking at the shares volume, around 1.65 Million shares have changed hands in this session. LightPath Technologies, Inc. (NASDAQ:LPTH) declared the pricing of an underwritten public offering of 7,000,000 shares of its Class A common stock at a price of $1.21 per share. The Company also granted to the underwriters a 45-day option to acquire an additional 1,000,000 shares to cover over-allotments in connection with the offering, of which the option to acquire 300,000 shares has been exercised.

After the underwriting discount and estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately $8.15 million, assuming no exercise of the remaining over-allotment option. The offering is expected to close on December 21, 2016, subject to customary closing conditions. Roth Capital Partners is acting as sole book-running manager and Dougherty & Company is acting as co-manager for the offering.

The Company expects to use the net proceeds from the offering to provide funds for a portion of the purchase price of the acquisition of ISP Optics Corporation payable in cash as well as to pay transaction expenses and other costs in connection with the acquisition. The firm has institutional ownership of 7.00%, while insider ownership included 44.46%. LPTH attains analyst recommendation of 2.00 with week’s performance of -17.57%. Investors looking further ahead will note that the Price to next year’s EPS is 77.78%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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