Truces Call By Bulls and Bears: Office Depot (NASDAQ:ODP), Mueller Water Products (NYSE:MWA)

Several matter pinch shares of Office Depot, Inc. (NASDAQ:ODP) [Trend Analysis], as shares plunging -2.60% to $4.30 with a share volume of 245002. Office Depot, Inc. (ODP) reported its Board has appointed Gerry Smith as CEO of the company, effective February 27, 2017. Gerry Smith will succeed current CEO Roland Smith. Gerry Smith currently serves as Executive Vice President and Chief Operating Officer at Lenovo Group.

Prior to Lenovo, Gerry had a number of executive positions at Dell.Office Depot, Inc. also reported that, current Board member Joseph Vassalluzzo will become Chairman effective February 27, 2017. Vassalluzzo joined the Office Depot Board in August 2013 and currently serves as Chair of the Finance and Integration Committee. The stock is going forward its 52-week low with 43.80% and moving down from its 52-week high price with -44.89%. To have technical analysis views, liquidity ratio of a company was calculated 1.50 as evaluated with its debt to equity ratio of 0.64. The float short ratio was 2.31%, as compared to sentiment indicator; Short Ratio was 1.56.

Shares of Mueller Water Products, Inc. (NYSE:MWA) [Trend Analysis] runs in leading trade, it moving down -0.37% to traded at $13.39. The firm has price volatility of 1.90% for a week and 2.09% for a month. Its beta stands at 1.35 times. Mueller Water Products, Inc. (MWA) recently reported that it has signed a definitive contract to acquire Singer Valve, a manufacturer of automatic control valves, for C$34 million in cash. Singer Valve designs and manufactures automatic control valves, offering engineered products for pressure management within water works.

It also manufactures similar valves used in industrial, commercial and fire protection applications. The Company was founded in 1957 and is headquartered in Surrey, British Columbia, with manufacturing operations in Surrey; Charlotte, North Carolina; and Taicang, China. Singer had net sales of approximately C$20 million in 2016. The transaction is subject to customary closing conditions and is expected to close during Mueller’s fiscal second quarter of 2017. Narrow down four to firm performance, its weekly performance was 2.21% and monthly performance was 0.52%. The stock price of MWA is moving up from its 20 days moving average with 1.29% and isolated negatively from 50 days moving average with 0.00%.

 

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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