Boom or Bust? VAPE HOLDINGS INC(VAPE), Kingfisher plc (KGFHY) and Anthera Pharmaceuticals Inc(ANTH)
New York, NY – GDP INSIDER – 02/12/2015.
This article discusses three companies: VAPE HOLDINGS INC(OTCMKTS:VAPE), Kingfisher plc (ADR)(OTCMKTS:KGFHY) and Anthera Pharmaceuticals Inc(NASDAQ:ANTH)
VAPE HOLDINGS INC(OTCMKTS:VAPE) is a specialist in the legal cannabis industry and its stock still has not recovered from the massive devaluation in its stock in March last year after FINRA issued a warning about marijuana stocks causing the price to drop from over $40 a share to less than $1. Despite this, Vape shares continue to be actively traded and rose 2.24% to $0.685 on volume of just under 50,000 shares traded. Vape quick ratio is at 0.18 and has negative EPS so unless marijuana becomes more widely available the price is unlikely to break $1.
Kingfisher plc (ADR)(OTCMKTS:KGFHY) the home improvement retailer based in the UK has been experiencing a steadily decline in its value dropping from a high of $14.85 six months ago to close down 0.91% yesterday at $10.30. Kingfisher plc has been selling off underperforming assets around the globe and focusing on its core business. With a forward P/E of 14.71, EPS of 0.76 and a quick ratio of 0.48, the company has reasonable fundamentals but the 1 year estimate for the share price is $8.79 indicating it may still have further to fall.
Anthera Pharmaceuticals Inc(NASDAQ:ANTH) is a biopharmaceutical company focused on developing treatments for life threatening diseases. Anthera Pharmaceuticals Inc announced yesterday that it had successfully completed the interim Phase 3 trials of its new Lupus treatment drug, Blisibimod, which boosted the share price 25%. The rally continued yesterday with the stock closing up another 16.31% at $3.78 with 7.7 million shares traded, far above the 3 month average of 627,000. The stock should correct downwards but has now broken through the $2.60 resistance and could be a good medium to long term investment as the trials continue successfully.
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