Business Equipment Stocks Technical Reports -- VeriFone Systems, Pitney Bowes, Steelcase, and Avery Dennison

Sep 15, 2016, 08:10 ET from Chelmsford Park SA

NEW YORK, September 15, 2016 /PRNewswire/ -- reviews the most recent performances of four Business Equipment equities, namely: VeriFone Systems Inc. (NYSE: PAY), Pitney Bowes Inc. (NYSE: PBI), Steelcase Inc. (NYSE: SCS), and Avery Dennison Corp. (NYSE: AVY). These companies belong to the U.S. Consumer Goods space, and are engaged in the manufacture of office technology equipment, which include photocopiers, facsimile, calculators, cash registers, coin and currency counting devices, and scientific and analytical equipment. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

VeriFone Systems  

On Wednesday, shares in San Jose, California headquartered VeriFone Systems Inc. recorded a trading volume of 2.34 million shares. The stock ended the session 0.56% lower at $16.02. The Company's shares are trading 14.49% below their 50-day moving average. Moreover, shares of VeriFone Systems, which designs, manufactures, markets, and supplies electronic payment solutions at the point of sale worldwide, have a Relative Strength Index (RSI) of 25.55.

On September 01st, 2016, Verifone Systems reported net revenues of $488 million for Q3 FY16, down 4.3% compared to net revenue of $510 million in Q3 FY15. The company posted non-GAAP net income per diluted share of $0.42 for the reported quarter, down 10.6% from non-GAAP net income of $0.47 per diluted share for the year ago period.

On September 12th, 2016, research firm Imperial Capital downgraded the Company's stock rating from 'Outperform' to 'In-line'. The research firm also revised downwards its previous target price from $24 per share to $18 per share. Visit us today and access our complete research report on PAY at:

Pitney Bowes  

Stamford, Connecticut headquartered Pitney Bowes Inc.'s stock closed the day 0.96% lower at $17.61 with a total trading volume of 1.43 million shares. Shares of the Company, which offers customer information management, location intelligence, and customer engagement technology products and solutions in the US and internationally, are trading 4.25% below their 50-day moving average. The stock has an RSI of 31.88.

On September 12th, 2016, Pitney Bowes announced the launch of the SmartLink device, a digital technology solution that connects postage meters to the Pitney Bowes Commerce Cloud, in Canada to enhance productivity and enable a new range of online services. The SmartLink device leverages a secure Internet of Things (IoT) platform to link physical postage meters to the Pitney Bowes Commerce Cloud, unlocking valuable new benefits, online tools and services. The complimentary report on PBI can be downloaded at:


Shares in Grand Rapids, Michigan headquartered Steelcase Inc. recorded a trading volume of 596,712 shares and ended yesterday's trading session 1.28% lower at $13.87. The stock is trading below its 50-day moving average by 3.62%. Shares of the Company, which designs, manufactures, and distributes an integrated portfolio of furniture settings, user-centered technologies, and interior architectural products, have an RSI of 35.64.

On September 14th, 2016, Steelcase announced that it will webcast a discussion of its Q2 FY17 financial results on September 22nd, 2016 at 11:00 a.m. ET. The news release detailing the financial results will be issued on September 21st, 2016, after the market closes. Register for free on and access the latest research report on SCS at:

Avery Dennison  

Glendale, California headquartered Avery Dennison Corp.'s stock finished Wednesday's session 0.12% lower at $75.52 with a total trading volume of 382,840 shares. The Company's shares have advanced 0.35% over the previous three months and 22.52% since the start of this year. The stock is trading above its 200-day moving average by 8.06%. Additionally, shares of Avery Dennison, which produces and sells pressure-sensitive materials worldwide, have an RSI of 43.93.

On August 2nd, 2016, Avery Dennison announced it had completed the acquisition of the European business of Mactac from Platinum Equity, a California-based private equity firm, for the purchase price of €200 million including assumed debt. The company noted that Mactac's manufacturing facility in Soignies, Belgium, along with sales offices and warehouses in Europe and Asia, are now part of Avery Dennison's global footprint. Export sales will continue to serve customers in South America, Asia/Pacific, the Middle East, and North Africa. The transaction excludes the Mactac business in the US, Canada and Mexico which will continue to be owned by Platinum Equity. Get free access to your research report on AVY at:


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