NEW YORK, October 28, 2016 /PRNewswire/ --
Stock-Callers.com is looking at the Business Equipment industry which includes companies that provide products for business use such as office furniture, printers, security systems, and lighting. Equities to assess are 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 Consumer Goods sector, and offer average dividend yields. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
On Thursday, shares in San Jose, California headquartered VeriFone Systems Inc. recorded a trading volume of 2.76 million shares. The stock ended the day at $15.85, which was 0.88% lower from the prior trading session. The Company's shares are trading below their 50-day moving average by 5.60%. Furthermore, 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 44.36.
On October 17th, 2016, research firm Craig Hallum initiated a 'Buy' rating on the Company's stock.
On October 24th, 2016, , Verifone announced that it is partnering with Alipay, a financial services and lifestyle app of Ant Financial Services Group, to enable retailers in North America and Europe. With the Verifone e355 mPOS solution, retailers will be able to accept Alipay anywhere in the store and implement marketing campaigns targeting Chinese consumers who use the Alipay app. Together, Verifone and Alipay will help retailers increase foot-traffic and enhance the shopping experience for millions of Chinese tourists. Visit us today and access our complete research report on PAY at:
Stamford, Connecticut headquartered Pitney Bowes Inc.'s stock finished yesterday's session 1.75% lower at $17.37. A total volume of 1.30 million shares was traded, which was above their three months average volume of 1.25 million shares. The Company's shares are trading below their 50-day moving average by 3.11%. Furthermore, shares of Pitney Bowes, which offers customer information management, location intelligence, and customer engagement technology products and solutions in the US and internationally, have an RSI of 44.24.
On October 27th, 2016, Pitney Bowes announced a new alliance with Information Control Company LLC (ICC), a user-first, data-driven consulting and implementation company, headquartered in Columbus, OH. The two companies will leverage each other's strengths to offer a digital omnichannel solution that transforms the customer onboarding process and increases customer engagement for the retail and retail banking industries. The solution will be built with the Pitney Bowes EngageOne Video, which enables organizations to drive customer engagement by offering their customers a personalized experience to interact with subject matter experts. The complimentary report on PBI can be downloaded at:
At the closing bell on Thursday, shares in Grand Rapids, Michigan headquartered Steelcase Inc. declined 0.74%, ending the day at $13.45. The stock recorded a trading volume of 474,913 shares. The Company's shares are trading 3.49% below their 50-day moving average. Moreover, shares of Steelcase, which designs, manufactures, and distributes an integrated portfolio of furniture settings, user-centered technologies, and interior architectural products, have an RSI of 43.38.
As per notes filed with the SEC on October 11th, 2016, Steelcase entered into a stock repurchase agreement on October 10th, 2016, with an independent third party broker under which the broker is authorized to repurchase up to 5 million shares of its common stock on behalf of the company during the period from October 11th, 2016 through March 23rd, 2017, subject to certain price, market and volume constraints specified in the agreement. The shares will be purchased pursuant to the company's previously announced share repurchase program. Register for free on Stock-Callers.com and access the latest research report on SCS at:
Glendale, California headquartered Avery Dennison Corp.'s stock ended the day 0.85% lower at $70.36. A total volume of 1.85 million shares was traded, which was above their three months average volume of 597,560 shares. The Company's shares have gained 14.15% on an YTD basis. The stock is trading 2.45% below its 200-day moving average. Additionally, shares of Avery Dennison, which produces and sells pressure-sensitive materials worldwide, have an RSI of 24.78.
On October 26th, 2016, Avery Dennison announced preliminary, unaudited results for Q3 2016. For its Pressure-sensitive Materials (PSM) segment, the company reported that sales increased approximately 4%. Within the segment, sales for the Label and Packaging Materials business grew at a mid-single digit rate on an organic basis. The company's Retail Branding and Information Solutions (RBIS) unit reported sales increase of 1% and operating margin improved 90 basis points to 7.7%. For the Vancive Medical Technologies division, sales declined and modest operating loss for the quarter were in-line with expectations.
On October 27th, 2016, research firm JP Morgan upgraded the Company's stock rating from 'Neutral' to 'Overweight'. Get free access to your research report on AVY at:
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