Posts Tagged ‘ctib’

UTA takes flight, INTC has chipper volume, CTIB falters

Monday, November 15th, 2010

Universal Travel Group (NYSE: UTA) took off in Monday trading, gaining 9.59 percent in price to close at $5.94. Volume in UTA was 1,008,419, easily better than its three-month daily share average of 706,830. The Chinese-based company announced Monday that it will hold a conference call Tuesday to discuss its third-quarter financial results.

Intel Corp. (Nasdaq: INTC) was among the volume leaders Monday, trading in 42,935,569 shares, still below its three-month daily average of 68,486,200. The company stumbled a bit on the price scale, though, losing 1.02 percent to $21.31. INTC said Friday its board approved a 15-percent increase in quarterly cash dividends.

CTI Industries Corp. (NasdaqCM: CTIB) slumped 17.31 percent in price Monday to close at $ 5.35. Volume was 283,292 shares, or about nine times its average. The Lake Barrington, Ill-based company said last Tuesday its net income rose 19 percent in the third quarter as revenue edged up.

CTI Industries Corp. (CTIB) – Buzz Stock of the Day

Friday, April 30th, 2010

Shares of CTI Industries Corp. (Nasdaq: CTIB) were up as much as 79 percent from yesterday’s close in morning trading after the company announced first quarter earnings of $599,000 or 22 cents per share, up 544 percent from the same period a year ago, driven by higher sales of its pouch and novelty products, and a 3 percent increase in gross margin.

Revenue for the quarter was up 29 percent to $12.4 million, from $9.6 million in the same quarter a year ago.

Sales of pouch products were up 208 percent from $986,000 in the first quarter 2009 to $3,041,000 in the first quarter of 2010. Most of this increase was a reflection of strong continuing sales of zippered vacuumable pouches to a principal customer. Sales of CTI’s proprietary ZipVac™ line of vacuumable pouches also increased.

Novelty product revenues were up 18.6 percent, from $6,580,000 in the first quarter of 2009 to $7,804,000 in the first quarter of 2010. Sales of laminated films showed a modest decline from $1,876,000 in the first quarter of 2009 to $1,367,000 in the first quarter of 2010.

Gross margins increased to 24.5 percent in the first quarter of 2010 compared to 21.5 percent for the first quarter of 2009. This increase is the result of increased production and sales volume during the first quarter of 2010 resulting in lower unit cost than in the same period of 2009 and a change in the mix of products sold to certain novelty and pouch products having a higher margin.

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