Stocks Declining: National Bank of Greece (ADR) (NYSE:NBG), DynaVox, Inc. (OTCMKTS:DVOX)

Posted by Chris Bell May 20, 2013 0 Comment 7043 views


Northern, WI 05/20/2013 (GDPInsider) –  National Bank of Greece (ADR) (NYSE:NBG) opened at 2.16, down on its previous close of 2.39 and market valuation currently sees the stock trading down 31.80%. The range for NBG is 1.33 and 2.17 and volume is 36.761 million—a 516.67% increase on average volume of 5.968 million.

NBG has a market cap of $1.59 billion but has been undergoing reorganization of its capital structure. The bank announced recently that it is set to sell 2.27 billion new shares at a price of $5.50. The price is based on calculations of a 1-for-10 reverse stock split. Shareholders had earlier agreed to go ahead with the recapitalization plan for NBG, which had seen a steady climb northward on its technical chart. The recent dip now means that NBG is trading 54.46% below its 52-week high of 3.25 but still up 142.61% on its 52-week low of 0.61.

At current valuation NBG is up 24.15% on its 20-day simple moving average and 47.90% on its 50-day simple moving average. With an RSI of 54.75, NBG is neither oversold nor overbought.

Is NBG a solid investment at these levels? Get exclusive data and trends here.

DynaVox, Inc. (OTCMKTS:DVOX) opened trading at 0.11, down 0.01 on its previous close of 0.12. The range for the stock is 0.0706 and 0.1097 and volume is 475.58K shares on average volume of 265.12K. DVOX is currently down 27.92% in trading.

DVOX is coming off fresh earnings figures in which the company disclosed its performance for the thirteen weeks ending March 29, 2013 (Q3 fiscals for 2013). According to the release, net sales declined 38% to finish off at $14.9 million. This was contrasted with net sales of $24.0 million recorded in Q3 2012. DVOX also saw further declines in key product areas and the company’s speech generating devices saw sales slump 39% to $12.5 million.

Further down in the financials the numbers were also unhealthy with gross profit for the third quarter declining 40% to $10.4 million. Gross margins for the quarter was down 230 basis points to 70.0%. DVOX is still trading at its lowest support levels and the stock is currently oversold with an RSI of 27.47.

Should Investors Trade DVOX Now? Get exclusive insights and updates here.

 

 

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About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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