NEW YORK, January 15, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including 22nd Century (NYSE: XXII), AMCON (NYSE: DIT), Ever-Glory (NASDAQ: EVK), BAT (NYSE: BTI), and Castle Brands (NYSE: ROX). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
XXII Research Report: ( http://get.analystsreview.com/pdf/?c=22nd%20Century&d=15-Jan-2015&s=XXII ),
DIT Research Report: ( http://get.analystsreview.com/pdf/?c=AMCON&d=15-Jan-2015&s=DIT ),
EVK Research Report: ( http://get.analystsreview.com/pdf/?c=Ever-Glory&d=15-Jan-2015&s=EVK ),
BTI Research Report: ( http://get.analystsreview.com/pdf/?c=BAT&d=15-Jan-2015&s=BTI ),
ROX Research Report: ( http://get.analystsreview.com/pdf/?c=Castle%20Brands&d=15-Jan-2015&s=ROX ).
Analyst Update: Acquisitions,Quarterly Earnings, Management Board Changes, and New Offers
Reviewed by: Rohit Tuli, CFA®
The U.S. market sell-off showed no signs of easing on Wednesday, extending losses for fourth straight day as investors shunned risky assets and fled to safe havens amid deepening concerns over the global economic growth. The equity markets mirrored continued slump in commodities prices on Wednesday, led by the biggest plunge in Copper since 2011, after the World Bank cut its economic growth forecasts for this year and next. The Dow Jones Industrial Average ended the session 1.06% lower at 17,427.09, the S&P 500 lost 0.58% to close at 2,011.27, and the Nasdaq Composite dropped 0.48% to 4,639.32. Beaten-down commodity prices also weighed upon European markets on Wednesday. In Europe, energy and mining stocks led the decline following the prices of copper and oil. Meanwhile, Asian equities also ended lower as investors stayed on the sidelines amid deepening commodities rout and renewed concerns over world economic growth.
22nd Century Group, Inc. (22nd Century) acquired 'strategically important' intellectual property from the National Research Council (NRC) of Canada for $1.87 million. The Company also announced hiring of 10 new employees at its factory.
Omaha, Nebraska-based consumer products firm AMCON Distributing Co.'s (AMCON) reported that its Q4 FY 2014 net income increased to $1.8 million, or $2.57 per diluted share, from $1.5 million, or $2.07 per diluted share, in the year ago period.
Third quarter sales of Ever-Glory International Group, Inc. (Ever-Glory), leading apparel supply chain manager and retailer based in China, increased 31.2% YoY to $139.9 million, primarily attributable to a 41% increased sales in retail business and 24.7% increased sales in wholesale business.
British American Tobacco PLC (BAT) announced a series of Management Board changes, including the decision of Des Naughton, Managing Director, Nicoventures to end his 20-year long career with the Company. According to BAT, Des will leave the Company on February 28, 2015 in order to focus on new business opportunities.
Castle Brands, Inc. (Castle Brands) announced that its Knappogue Castle Single Malt Irish Whiskey brand has launched a new customized barrel program for bars, restaurants and retailers. The program allows establishments to offer their customers a rare cask strength edition (92 proof, 46% alc./vol) of the delicious 12 year old single malt Irish whiskey.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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