Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) drug Linzess might not be successful from constipation, Ruckus Wireless Inc (NYSE:RKUS)

Posted by Nathan Alexander May 22, 2013 0 Comment 1233 views


Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) closed its day at $13.49. The introductory price for the day was $13.41, during the day the stock jumped to hit its day high of $13.71 and fell to $13.16 during the day, while the average true range of the stock is $0.66. In the previous session about 2.30 million shares exchanged hands which is higher than the three months average volume of 1.06 million. With around 108.77 million common shares outstanding and at current levels the market capitalization of the stock is $1.45 billion.  The short ratio on the stock is 17.42 and the short float is 20.16%. The return on asset and return on equity are -45.60% and -117.60% respectively, these ratios reflect on the company’s inability to generate positive return on the invested capital. While the operating margin and profit margin are -89.17% and 92.69% respectively, the margin ratios reflects the company’s inability to operate efficiently. The stock has declined and lost about 10.60% in the previous week and lost about 22.26% in the previous month.

Cantor stated that the company’s drug Linzess might not be successful on relieving the patients from constipation. The doctors would stop prescribing the drug to their patients and the patients who are taking the drug would stop consuming after 2-3 months when they the drug become unsuccessful in relieving the patients from constipation.

Ruckus Wireless Inc (NYSE:RKUS) closed its day at $12.82. The introductory price for the day was $13.27, during the day the stock jumped to hit its day high of $13.27 and fell to $12.48 during the day, while the average true range of the stock is $1.03. In the previous session about 3.04 million shares exchanged hands which is higher than the three months average volume of 0.940 million. With around 74.36 million common shares outstanding and at current levels the market capitalization of the stock is $960.06 million.  The short ratio on the stock is 5.26 and the short float is 5.56%. While the operating margin and profit margin are 6.14% and 12.46% respectively, the margin ratios reflect the company’s ability to operate efficiently. The stock has declined and gained about 3.95% in the previous week and lost about 21.21% in the previous month.

The company today announced that Rio Tinto Stadium in Salt Lake City, the Chennai Stadium in India has selected the company to provide high-capacity Smart Wi-Fi Takes Center Stage. The company has been selected by other public venues around the globe to provide the same service.


About Nathan Alexander

Nathan Alexander holds bachelor’s degrees in Journalism and European Studies from Boston University. Nathan reports round up the day’s business and financial market news and include keynote interviews with major business players and updates on Asian, European and US stock markets. He has interviewed heads of leading European banking institutions such as European Central Bank President Jean-Claude Trichet and HSBC Chairman Stephen Green, and CEOs from the business world including Microsoft founder Bill Gates, Virgin Chairman Sir Richard Branson and former Porsche President and CEO Dr Wendelin Wiedeking.

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