Posts Tagged ‘infrastructure stocks’

BONZ bounces, LFBG is not left behind, EXOU staggers

Wednesday, December 1st, 2010

Bonanza Goldfields Corp. (OTCBB: BONZ) leaped 323 percent in price in late Wednesday trading to 2.2 cents. Volume in the stock was 2.44 million, compared to its average of 97,241 shares. The miner, headquartered in Phoenix, Arizona, announced Tuesday a cancellation of planned reverse split.

Left Behind Games Inc. (OTCBB: LFBG) dealt in 74 million shares late Wednesday, to make it one of the leaders in volume. Even so, LFBG’s usual volume was 99.7 million. Shares were 15.07 percent lower in price, though, to 62-100ths of a cent. The leading publisher of Christian video games, announced Tuesday that revenues received in the current quarter have exceeded expectations and are already more than 100% higher than revenues for the quarter ended September 30, 2010.

Exousia Advanced Materials Inc. (OTCBB: EXOU) sagged in price 59.38 percent as the close approached Wednesday to 13-100ths of a cent. Volume in this stock was 3.35 million shares, or more than twice its daily average. The New York-based EXOU manufactures advanced eco-friendly industrial products for worldwide infrastructure applications

RITT rips loose, INTC busy, CHYR swoons

Monday, November 29th, 2010

RIT Technologies Ltd. (NasdaqCM: RITT) jumped in price 25.36 percent to close Monday at $9.64. RITT shares traded in 229,018 shares Monday, compared to a daily average of 256,862. Based in Israel, RITT is a leading provider of intelligent solutions for infrastructure management, asset management, environment and security, and network utilization.

Intel Corp. (NasdaqGS: INTC) was among the volume champions on Wall Street Mnoday, with 46,696,504 shares trading, or just less than its daily average of 60.6 million. Prices for the Santa Clara, CA-based computer chip maker faded 0.05 percent to $21.33.

Chyron Corp. (NasdaqCM: CHYR) dropped 12.76 percent Monday afternoon to $2.05. Volume of 45,281 shares quadrupled the stock’s daily average volume. The Melville, New York-based CHYR is a leading provider of Graphics as a Service for on air, online, out of home, and mobile applications.

Fortress International Group, Inc. (Nasdaq: FIGI) Buzz Stock of the Day

Monday, October 19th, 2009

Shares of Fortress International Group, Inc. (Nasdaq: FIGI) skyrocketed more than 100 percent today on news that the company had been awarded six new contracts totaling nearly $40 million.

The contracts will span all three divisions of the company: technology consulting, construction management and facilities management. Including the new project awards, the company said it has closed $46.5 million in new business since the end of the second quarter.

The majority of the new business comes from four substantial design and construction projects for two of Fortress International’s co-location customers totaling $36.4 million. The company said the revenues from these projects will span the next 8 months.

In addition, Fortress was also awarded a $2.7 million facility management contract over a three year period to commission and service multiple containerized data center modules.

“Our private sector project wins are the direct result of the credit markets opening up in our sector,” said Chief Executive Officer Thomas P. Rosato in a statement. “Capital spending has been very slow since October of 2008. We are now beginning to see our capacity-constrained data center customers executing their facilities expansion plans to meet pent up demand. The credit markets are responding favorably to this segment and we expect to see increased project spending over the next few quarters.”

Finally, the US Social Security Administration has selected Fortress International to be a part of a professional services team assembled to assist in the development and design of a new data center in Baltimore, MD. The contract, which will be executed by Fortress International’s technology consulting division, is initially for $300,000 but due to the volume and complexity of the project, the company believes additional involvement will evolve from the initial deal.

Fortress International Group, Inc. is a leading provider of consulting and engineering, construction management and 24/7/365 site services for mission-critical facilities. The company’s announcement Monday boosted share prices to an intraday high of 97 cents. More than 2.1 million shares changed hands by 11 a.m. EDT Monday, compared to the stock’s 50-day average daily volume of 82,000, according to Nasdaq. Fortress International has a float of 4.5 million shares with a short interest float of only 0.5 percent as of Sept. 25, according to Yahoo. More than 61 percent of the company’s shares are held by insiders with another 4.9 percent owned by institutions.

Buzz Stock of the Day – Patrick Industries (PATK)

Monday, July 6th, 2009

Shares of Patrick Industries, Inc. (Nasdaq: PATK) were up more than 40 percent today. The company manufactures building products and materials to manufactured housing and recreational vehicle market in the United States and Canada.

Last week, the Institute for Supply Management said its index of manufacturing activity moved to 44.8 in June from 42.8 in May. That reading was in line with the 45 reading expected by economists and signals a slowing rate of contraction. And a gauge of future U.S. housing-market activity rose for the fourth consecutive month in May, marking its longest stretch of growth since October 2004. The National Association of Realtors said its index of pending sales increased 0.1% in May to 90.7.

The Elkhart, Ind.-based Patrick Industries has been trading higher since July 1st, when the data was published.

A turnaround in the housing market is exactly what Patrick Industries needs. The company’s first quarter net sales was a mere $44.9 million compared to $97.0 million in 2008. “Our operating plans reflect the impact of lower sales volumes stemming from the recession and low consumer confidence that we believe will continue for at least the next nine to twelve months,”said Patrick Industries’ president and CEO, Todd Cleveland in a statement.

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Buzz Stock of the Day – China Architectural Engineering (CAEI)

Monday, May 4th, 2009

China Architectural Engineering, Inc. (Nasdaq: CAEI) specializes in the design, engineering, fabrication and installation of curtain wall systems, roofing systems, steel construction systems, and eco-energy saving building conservation systems.

The company is in three sweet spots in the market–infrastructure stocks, China stocks and green stocks.

In late March, the Zhuhai-based company reported results for 2008. Among the bright spots, a 75 percent increase in contract revenue compared to last year, and a reduction of net loss to $5.9 million, compared with $12 million a year earlier.

Gross profit for the year ended December 31, 2008 was $22.8 million, an increase of $0.5 million, or 2 percent, from $22.3 million for the comparable period of 2007. The company’s gross margin for the year ended December 31, 2008 was 15.0 percent as compared with 25.7 percentfor the year ended December 31, 2007. The decrease was primarily a result of higher raw material, project set-up costs, and labor costs, especially in China.

Shares of CAEI were up more than 22 percent at mid-day trading on the Nasdaq.