Hercules Offshore Inc (NASDAQ:HERO) up by 4.01%, GT Advanced Technologies Inc (NASDAQ:GTAT)

Posted by Ryan Mandell May 5, 2013 0 Comment 3295 views


Hercules Offshore Inc (NASDAQ:HERO): In Friday’s trading session, there was a gain of 4.01% in Hercules Offshore, Inc (NASDAQ:HERO) shares. The shares had an opening price of $7.35 which touched an intraday of $7.53 and then dropped to $7.31 per share. Over 3.81M shares were traded in Friday’s trading session which was above the 3.06M average volume that was measured over the last 30 days.

The Houston, Texas-headquartered Hercules Offshore, Inc (NASDAQ:HERO) operates a fleet of 13 barge rigs, 38, jack-up rigs as well as 64 liftboats. The company has a range of services on offer for oil and gas producers. It helps them meet their requirements during well service, drilling, maintenance, platform inspection and decommissioning operations. These are carried out in numerous shallow-water regions across the globe. It also provides services to integrated energy companies.

The company operates in five different segments- International Offshore, Domestic Offshore, International Liftboats and Domestic Liftboats. Currently Hercules Offshore holds 32.1% Share capital in a company named Discovery Offshore S.A. This is an ultra high-specification, pure play jack up rig company.

GT Advanced Technologies Inc (NASDAQ:GTAT): In Friday’s trading session, there was a gain of 4.63% in GT Advanced Technologies Inc (NASDAQ:GTAT) shares. The shares had an opening price of $3.73, which touched an intraday of $3.87 and then dropped to $3.65 per share. Over 3.79M shares were traded in Friday’s trading session which was below the average volume of 4.58M which was measured over the last 30 days.

GT Advanced Technologies Inc (NASDAQ:GTAT)’s polysilicon division was its strongest performer in the quarter with sales of $38.0 million. This division also represents a major part of the $491 million backlog at existed at the end of the quarter. On the other hand, its photovoltaic division reported sales of only $4.4 million and its backlog was $8 million.  PV equipment sales have dropped right across the globe. SEMI the trade group reports that the industry has reported its seventh consecutive quarter of ratios of book-to-bill that have been below parity in the 2012 fourth quarter. The way the overall industry is headed; there is no recovery in sight till 2014 or 2015.


About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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