Marin Software Inc (NYSE:MRIN) up by 13.34%, Trina Solar Limited (ADR) (NYSE:TSL)

Posted by Kristi Scott May 16, 2013 0 Comment 1503 views


Marin Software Inc (NYSE:MRIN) In Wednesday’s trading session Marin climbed up by 13.34%. It opened at a price of $9.99, touched an intraday high of $11.29, before moving down to close at $10.62 per share. More than 2.27 million shares exchanged hands in today’s trading session, which stands below the average volume of 0.357 million that is measured over a 30-day period.

The market capitalization of the stock is $328.28 million. The earnings per share is negative of -$6.06 reflecting that the company is unable to generate the profits in its business operations the EPS declined by 39.64% during the year. The EPS estimates for the next year is -$1.18, a narrower loss for the company, and for the coming quarter the EPS is expected to be -$0.31. The quarter on quarter growth in the company’s sales is 49.44% whereas the EPS growth quarter on quarter is negative of 48.78%. The stock has posted a year to date performance of -42.73%.

The company’s stock was amongst the day gainers. Of late the company has announced that it would attend the 12th Annual JMP Securities Research Conference. The company brought its IPO in March end at a price of $14.00 per share, soon to hit its all time high of $19.95 and then declined to rise again to its current levels.

Trina Solar Limited (ADR) (NYSE:TSL): In Wednesday’s trading session Trina Solar Limited (ADR) climbed up by 4.62%. It opened at a price of $5.56, touched an intraday high of $6.17, before moving down to close at $5.66 per share. More than 5.63 million shares exchanged hands in today’s trading session, which stands below the average volume of 3.40 million that is measured over a 30-day period.

The market capitalization of the stock is $452.04 million. The earnings per share is negative of $3.77 reflecting that the company is unable to generate profits in its business operations the EPS declined by 602.14% during the year. The EPS estimates for the next year is -$0.76, a narrower loss for the company, and for the coming quarter the EPS is expected to be -$0.70. The quarter on quarter decline in the company’s sales is 30.51% whereas the EPS growth quarter on quarter is negative of 32.12%. The stock has posted a year to date performance of 24.65%.

Nomura is expecting the company’s gross margin to increase by about 8% to 10% in 2Q2013 after the company reduced its shipping outlook for first quarter by 5% – 9%. Nomura now has a “Buy” rating on the stock and is expecting the company to be profitable for the FY2014.


About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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