Events & News | Ballard Spahr LLP

Events & News | Ballard Spahr LLP

A Ballard Spahr webinar

A Ballard Spahr webinar

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Why Atlas Crest Investment Corp. (ACIC)’s Most Recent Report Reveals Some Hints About Its Future

Why Atlas Crest Investment Corp. (ACIC)’s Most Recent Report Reveals Some Hints About Its Future

Atlas Crest Investment Corp. (NYSE:ACIC) went up by 27.31% from its latest closing price compared to the recent 1-year high of $11.82. The company’s stock price has collected 4.56% of gains in the last five trading sessions.

Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for Atlas Crest Investment Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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Today, the average trading volume of ACIC was 361.76K shares.

The volatility ratio for the week stands at 4.51% while the volatility levels for the past 30 days are set at 2.85% for Atlas Crest Investment Corp.. The simple moving average for the period of the last 20 days is 34.05% for ACIC stocks with a simple moving average of 36.87% for the last 200 days.

After a stumble in the market that brought ACIC to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 21.07% of gains for the given period.

Volatility was left at 2.85%, however, over the last 30 days, the volatility rate increased by 4.51%, as shares surge +43.50% for the moving average over the last 20 days.

During the last 5 trading sessions, ACIC rose by +39.11%, in comparison to the 20-day moving average, which settled at $10.90. In addition, Atlas Crest Investment Corp. saw 11.73% in overturn over a single year, with a tendency to cut further gains.

Source: newsheater.com

Author: By Melissa Arnold


BMO Equal Weight REITs Index ETF (ZRE.TO) (TSE:ZRE) Stock Price Down 0.4%

BMO Equal Weight REITs Index ETF (ZRE.TO) (TSE:ZRE) Stock Price Down 0.4%

BMO Equal Weight REITs Index ETF (ZRE.TO) logoBMO Equal Weight REITs Index ETF (ZRE.TO) (TSE:ZRE) fell 0.4% on Tuesday . The stock traded as low as C$21.89 and last traded at C$21.91. 57,539 shares traded hands during mid-day trading, an increase of 50% from the average session volume of 38,354 shares. The stock had previously closed at C$22.00.

The company’s fifty day moving average is C$21.86 and its two-hundred day moving average is C$20.82.

Recommended Story: Day Trading – Risk Worth the Reward?

Receive News & Ratings for BMO Equal Weight REITs Index ETF (ZRE.TO) Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for BMO Equal Weight REITs Index ETF (ZRE.TO) and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: www.americanbankingnews.com

Author: ABMN Staff


American Equity Investment Life (AEL) Set to Announce Earnings on Wednesday

American Equity Investment Life (AEL) Set to Announce Earnings on Wednesday

American Equity Investment Life logoAmerican Equity Investment Life (NYSE:AEL) will be posting its quarterly earnings results after the market closes on Wednesday, February 17th. Analysts expect American Equity Investment Life to post earnings of $0.97 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

AEL opened at $30.30 on Wednesday. The firm has a market cap of $2.79 billion, a P/E ratio of 3.23 and a beta of 1.49. The firm has a 50-day moving average of $29.17 and a 200 day moving average of $26.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.13 and a current ratio of 0.13. American Equity Investment Life has a fifty-two week low of $9.07 and a fifty-two week high of $34.25.

Several equities analysts recently weighed in on the stock. Royal Bank of Canada reduced their price target on shares of American Equity Investment Life from $36.00 to $31.00 in a research report on Wednesday, November 4th. Raymond James upgraded shares of American Equity Investment Life from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a research report on Friday, January 15th. Credit Suisse Group started coverage on shares of American Equity Investment Life in a research report on Tuesday, December 15th. They set an “outperform” rating and a $35.00 price target for the company. TheStreet upgraded shares of American Equity Investment Life from a “c+” rating to a “b-” rating in a research report on Friday, December 11th. Finally, Piper Sandler increased their target price on shares of American Equity Investment Life from $27.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, November 20th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. American Equity Investment Life currently has an average rating of “Buy” and an average target price of $31.44.

About American Equity Investment Life

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and single premium immediate annuities, as well as life insurance products. It markets its products through independent agents, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

Featured Article: Equity Income

Earnings History for American Equity Investment Life (NYSE:AEL)

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Pioneer Natural Resources (PXD) to Release Earnings on Wednesday

$5.83 Million in Sales Expected for Selecta Biosciences, Inc. (NASDAQ:SELB) This Quarter

Source: www.americanbankingnews.com

Author: ABMN Staff


Know the Complete Procedure of Stainless Steel Investment Castings

Know the Complete Procedure of Stainless Steel Investment Castings

Stainless steel investment castings manufacturers

Stainless Steel is a component of outstanding mechanical characteristics and is available in a wide range of grades. Certain grades of stainless steel have the added advantage of excellent corrosion resistance and some grades are heat treatable which further enhances mechanical and carrot resistance characteristics. These are just a few of the reasons why stainless steels are used today to produce a wide variety of casting materials for commercial and industrial investments. Stainless steel investment castings manufacturers has considerable experience in the manufacture of investment casts in different shapes and sizes from a wide range of stainless steel alloys.

Casting in Stainless Steel – What’s it made of?

Chromium, nickel and molybdenum (or “moly”) are the base alloy materials for both nickel base and stainless steel casts. These three components decide the grain structure and mechanical prosperity of casting and play an important role in fighting heat and/or corrosion.

Stainless steel is 10.5% less chromium, making it more resistant to corrosive fluid and oxidation conditions. So it’s not a complete. Investment casts in stainless steel have “corrosion resistance” in liquid environments and in vapors below 1200°F (650°C) and, if used above this temperature, are “heat-resistant.”

Differences exist between wound and cast stainless steel models. This is because of its chemical composition and its micro-grain structure, which is influenced by the way the material is made, cast or extruded. These considerations must be considered when selecting an alloy for your investment cast metal stainless steel project.

Investment capacity in Stainless Steel. The following investments help us better serve customers:

  • Size: By using air melt method, all stainless steel grades is poured up to 25 lb of small bits. Pieces. Parts.
  • Variability: It will improve the processes to handle complex and complex investment cast component designs.
  • Higher and Lower Volume: We are able to manufacture small amount of cast parts for proof of concept during the year, to thousands.
  • Stainless Steel Investment Casting Benefits

  • The greatest advantage of Stainless Steel is its good corrosion resistance. Contrary to other materials, investment casts in stainless steel have an integrated chrome oxide coating with excellent anti-corrosive properties. These corrosion-resistant properties make inox casting suitable for military, medical and manufacturing uses. Investment casting in in oxidable steel is used in a wide variety of sectors of industry for the following reasons:
  • Good corrosion opposition: Chromium is used as a stainless steel alloy that improves its bashing properties. In comparison to carbon and alloy steel, stainless steel castings need little or no surface finish. That’s why investment casts in stainless steel are used in industrial components such as pumps, valves and other parts that need critical corrosion resistance.
  • Exceptional visual quality: Rank A overall impact is possible for the high visual quality investment cast pieces.
  • Surface finishing: Easier to reach 120 RMS or better
  • Near tolerances: tolerance levels of ±.005 inch per inch can be reached.
  • Near Net Form Components: stop long-term use of near net investment cast parts for machine parts.
  • Applications of Stainless Steel Investment Castings

  • Marine Application: Stainless steel projecting are utilized in marine applications which require parts that are solid with amazingly high protection from warmth, scraped area and erosion. CFS foundry utilizes a wide scope of hardened steel combinations for sporting, administrative and business marine parts. Hardened steel marine castings can be cleaned to a mirror finish for greatest erosion and scraped spot obstruction. New marine evaluation tempered steel speculation castings for marine application could be provided electro cleaned and machined from on their current spend.
  • Pipes Fittings: Pipe Fittings are segments utilized for interfacing, ending, controlling stream, and altering the course of funneling in a wide range of ventures. When buying pipe fittings, thinking about the application, these line fittings are ordinarily made of treated steel 316, which is higher strength and more erosion safe than hardened steel 304. Hardened steel projecting is the most practical strategy for little volume creation.
  • Stainless Steel Investment Castings is known when both the properties of steel and the resistance to corrosion are essential. Besides in the following sectors, stainless steel investment molds can be used for various applications:

  • Petrochemical goods
  • Agriculture / Food business
  • Aerospace field
  • Energy sector
  • Automotive
  • Military
  • Guns of fire
  • The Machine Tool
  • Source: www.indianproductnews.com


    Fairfax Financial (FRFHF) Scheduled to Post Quarterly Earnings on Thursday

    Fairfax Financial (FRFHF) Scheduled to Post Quarterly Earnings on Thursday

    Fairfax Financial logoFairfax Financial (OTCMKTS:FRFHF) will post its quarterly earnings results after the market closes on Thursday, February 11th.

    Shares of FRFHF stock opened at $383.00 on Wednesday. The company has a market cap of $10.39 billion, a price-to-earnings ratio of -93.41 and a beta of 0.86. Fairfax Financial has a 1-year low of $223.52 and a 1-year high of $481.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 6.07 and a quick ratio of 6.07. The stock’s fifty day moving average price is $359.56 and its 200 day moving average price is $323.58.

    The firm also recently announced an annual dividend, which was paid on Thursday, January 28th. Stockholders of record on Thursday, January 21st were paid a dividend of $10.00 per share. This represents a dividend yield of 2.87%. The ex-dividend date of this dividend was Wednesday, January 20th.

    Fairfax Financial Company Profile

    Fairfax Financial Holdings Limited, together with its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. It insures against losses to property from fire, explosion, earthquake, windstorm, flood, boiler explosion, machinery breakdown, and construction defects, as well as underwrites automobile, commercial and personal property, and crop insurance.

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    Earnings History for Fairfax Financial (OTCMKTS:FRFHF)

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    Deutsche eMark 24 Hour Volume Reaches $298.00 (DEM)

    Kaleyra (KLR) Set to Announce Earnings on Tuesday

    Source: www.americanbankingnews.com

    Author: ABMN Staff


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