NEW YORK, August 1, 2016 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com turns investors' attention back to the Business Equipment space, which in Q2 2016 has plummeted 3.5% after declining at a 9.5% pace in the first quarter. We look at this morning's featured companies and see how they have performed in recent weeks: VeriFone Systems Inc. (NYSE: PAY), Pitney Bowes Inc. (NYSE: PBI), Steelcase Inc. (NYSE: SCS), and Avery Dennison Corp. (NYSE: AVY). Learn more about these stocks by downloading their free report at:
Shares in San Jose, California headquartered VeriFone Systems Inc. ended Friday's session 1.24% lower at $19.16 with a total volume of 2.56 million shares traded. The stock has advanced 7.04% in the last month. Shares in the Company, which designs, manufactures, markets, and supplies electronic payment solutions at the point of sale worldwide, are trading 9.06% below their 50-day moving average. Moreover, VeriFone Systems' stock has a Relative Strength Index (RSI) of 41.00.
On June 29th, 2016, Verifone Systems announced that it will provide Aldi France with 3,200 payment devices designed to accept all cashless payments including contactless and mobile wallets. Aldi France operates 900 retail locations and is a unit of Group Aldi, a leader in the global retail grocery market. The free Research Report on PAY is available at:
Stamford, Connecticut headquartered Pitney Bowes Inc.'s shares gained 0.73%, closing the day at $19.31. A total volume of 3.93 million shares was traded, which was above their three months average volume of 1.71 million shares. The stock has advanced 9.97% in the last month. The Company's shares are trading 5.86% above their 50-day moving average and 0.36% above their 200-day moving average. Additionally, shares of Pitney Bowes, which provides technology products and solutions in the United States and internationally, have an RSI of 66.16.
On July 18th, 2016, Pitney Bowes announced the launch of the SmartLink device, a digital technology solution that connects postage meters to the Pitney Bowes Commerce Cloud to streamline the client experience and enable a new range of services. The SmartLink device leverages a secure Internet of Things platform to enable a host of online tools and services, including automated postage rate updates, low postage alerts, AutoInk technology, usage tracking and analytics, error notifications and simple self-help tutorials, all with 24/7 online account management features. The SmartLink solution enables collection of real-time data from Pitney Bowes physical devices, paving the way to valuable data analytics and digital services. The complimentary Report on PBI can be downloaded at:
Last Friday, shares in Grand Rapids, Michigan headquartered Steelcase Inc. saw a slight decline of 0.48%, closing the session at $14.50. The stock recorded a trading volume of 549,314 shares. Shares of the Company, which designs, manufactures, and distributes an integrated portfolio of furniture settings, user-centered technologies, and interior architectural products, have advanced 6.85% in the last one month and are trading 1.56% below their 50-day moving average. Furthermore, Steelcase's stock has an RSI of 51.70.
As per notes filed with the SEC on July 15th, 2016, Steelcase held its annual meeting of shareholders on July 13th, 2016. At that meeting, shareholders elected ten nominees to the Board of Directors. The shareholders also voted on the proposal to approve named executive officer compensation and finally, they also ratified the appointment of independent registered public accounting firm. Visit us today and download our complete research report on SCS for free at:
Glendale, California headquartered Avery Dennison Corp.'s shares finished the session 0.33% lower at $77.89 and with a total volume of 706,819 shares traded. The stock has advanced 6.96% in the last month, 7.87% in the previous three months, and 25.69% on YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 4.71% and 14.83%, respectively. Additionally, shares of Avery Dennison, which produces and sells pressure-sensitive materials worldwide, have an RSI of 64.79.
On July 01st, 2016, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Underperform'.
On July 26th, 2016, Avery Dennison announced preliminary, unaudited results for its Q2 ended on July 2, 2016. For its Pressure-sensitive Materials segment, the company reported that sales increased approximately 3%; on an organic basis, sales grew approximately 5%. Operating margin improved 130 basis points to 13%. For the Retail Branding and Information Solutions unit, the company reported that sales decreased 2%; on an organic basis, sales grew approximately 2%. Operating margin increased by nearly five points to 7.5%, largely due to the benefit of lower restructuring charges. The company repurchased 0.9 million shares in Q2 2016 at an aggregate cost of $64 million. Get free access to your technical report on AVY at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA