On Thursday, FreeSeas Inc (NASDAQ:FREE)’s shares inclined 8.61% to $0.0164. With its recent share price change, FREE market value has reached roughly $1.80 million. Its most recent quarter balance sheet showed the company is standing at a -0.10 current ratio and possess -1.99 as debt to equity ratio. The stock’s performance in 1 month is -46.41% and its volatility for the same period is 18.77%.
The 1.96M Company on Dec. 29, 2015 declared that at the special meeting of the Company’s shareholders held on December 28, 2015, the shareholders granted discretionary authority to the Company’s board of directors to (A) amend the Amended and Restated Articles of Incorporation of the Company to effect one or more consolidations of the issued and outstanding shares of common stock, following which the shares of common stock would be combined and reclassified into one share of common stock at a ratio within the range from 1-for-2 up to 1-for-60 (the “Reverse Stock Split”) and (B) determine whether to arrange for the disposition of fractional interests by shareholder entitled thereto, to pay in cash the fair value of fractions of a share of common stock as of the time when those entitled to receive such fractions are determined, or to entitle shareholder to receive from the Company’s transfer agent, in lieu of any fractional share, the number of shares of common stock rounded up to the next whole number, offered that, (X) that the Company shall not effect Reverse Stock Splits that, in the aggregate, exceeds 1-for-60, and (Y) any Reverse Stock Split is accomplished no later than the first anniversary of the date of the special meeting.
FreeSeas Inc. (FreeSeas) is an international dry bulk shipping company. The Company’s fleet consists of four Handy size vessels. The Company’s vessels carry a range of dry bulk commodities, including iron ore, grain and coal, as well as bauxite, phosphate, fertilizers, steel products, cement, sugar and rice. As of April 23, 2015, the aggregate dead weight tonnage (dwt) of the Company’s operational fleet is approximately 148,978 dwt.
Rite Aid Corporation (NYSE:RAD)’s shares showed no change to $7.84. The market capitalization of Rite Aid Corporation (NYSE:RAD) is $8.20 billion with the total traded volume of the company is 17.58 million. Turning to market valuation, the Price-to-Earnings ratio is 4.10, the Price-to-Sales ratio is 0.28 and the Price-to-Book ratio is finally -16.33. The beta ratio has a value of 1.88.
In looking at the research analyst sentiment, Sell-side firms covering the equity, have a 13 month price target of $9.214 on the stock. This is according to the 7 analysts polled by Zacks Research which are weighed into the average. The most bullish analyst view sees the equity reaching $10. On the other hand, the most conservative research report has a $8.5 price target on the name.
Rite Aid Corporation is a retail drugstore chain. The Company sells prescription drugs and a range of other merchandise, which are referred to as front-end products. The Company’s drugstores’ primary business is pharmacy services. It operates approximately 4,570 stores in 31 states across the country and in the District of Columbia.
Cisco Systems, Inc. (NASDAQ:CSCO)‘s shares dipped -1.36% to $27.16. The last trading range of Cisco Systems, Inc. (NASDAQ:CSCO) ranges between $27.14 and $27.45. The EPS of the company stands at $1.87. The 52-week range shows that the stock reached higher at $30.31 while its lower range is $23.03 in the last 52-weeks. The average volume of the company is at 23.89 million with the Outstanding Shares of 4.08 billion. The market capitalization of the company is $139.74 billion. The Beta of the company stands at 1.23 with the RSI (Relative Strength Index) of 47.81.
Cisco System, Inc. (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use.
