US Airways Group Inc. (NYSE:LCC) offers senior notes worth $400 Million, Cyan Inc. (NYSE:CYNI)

Posted by Kristi Scott May 22, 2013 0 Comment 1111 views


US Airways Group Inc. (NYSE:LCC) closed its day at $17.95. The introductory price for the day was $18.55, during the day the stock jumped to hit its day high of $18.70 and fell to $17.65 during the day, while the average true range of the stock is $0.62. In the previous session about 10.02 million shares exchanged hands which are higher than the three months average volume of 6.11 million. With around 163.76 million common shares outstanding and at current levels the market capitalization of the stock is $2.96 billion.  The short ratio on the stock is 6.29 and the short float is 29.18%. The return on asset and return on equity are 6.65% and 121.42% respectively, these ratios reflect on the company’s ability to generate positive return on the invested capital. While the operating margin and profit margin are 6.45% and 4.53% respectively, the margin ratios reflect the company’s ability to operate efficiently. The stock has gained about 4.91% in the previous week and gained about 16.04% in the previous month.

The company today announced an offering of senior notes due 2018 worth $400 million. Fitch Ratings has given a ‘B-/RR6’ rating to the unsecured notes worth $400 million. Fitch has also downgraded the senior unsecured convertible notes from ‘B-/RR6’ to ‘CCC+/RR6’.

Cyan Inc. (NYSE:CYNI) closed its day at $13.27. The introductory price for the day was $13.92, during the day the stock jumped to hit its day high of $13.92 and fell to $13.00 during the day, while the average true range of the stock is $1.20. In the previous session about 0.104 million shares exchanged hands which are lower than the three months average volume of 1.11 million. With around 44.53 million common shares outstanding and at current levels the market capitalization of the stock is $583.81 million.  While the operating margin and profit margin are -13.77% and -20.42% respectively, the margin ratios reflect the company’s inability to operate efficiently. The stock has gained about 12.44% in the previous week.

Cyan was amongst the day’s losers.


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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