Boston, MA 03/21/2014 (wallstreetpr) – Echo Therapeutics Inc (NASDAQ:ECTE) has scheduled its fiscal 2013 financial results date. The company announced in press release Thursday that it will release financial results for its fiscal year ended December 31, next Thursday, March 27. The statement said that the release of the result will be followed with a conference call at 9:00 a.m. ET to review the results. Shares of Echo Therapeutics Inc (NASDAQ:ECTE) closed at $3.43, up 10.29 in the last session.
Global Cash Access Holdings, Inc. (NYSE:GCA) was lowered at Zacks from neutral to underperform. The analysts at Zacks currently have price target of $7.50 on the stock. Looking at the current price of GCA stock, the Zacks’ price objective implies potential downside of almost $1. Shares of Global Cash closed $8.45, up 7.64 percent in the previous session. The Thursday trading day was characterized with huge volume trading, where by 1.65 million shares changed hands, far beyond about 0.45 million shares on a normal day. The Zacks’ bearish sentiment on the stock comes on the back of lackluster earnings data. Global Cash Access Holdings, Inc. (NYSE:GCA) posted 8 cents earnings per share in the fourth quarter reported March 11, missing the consensus estimate of 19 cents per share. The company reported revenue of $140.50 million, yet analysts were looking for $143.74 million.
Andatee China Marine Fuel Ser Corp (NASDAQ:AMCF) shares soared Thursday to $2.44, up 7.96 percent. The gain came on the back of higher-than-normal volume of shares changing hands. The stock was traded in the range of $2.23 – $2.71. The past one-year time-frame saw the stock trading between $0.48 and $2.75. TheStreet places the stock on the hold list, citing various strength and weakness which do not give a clear direction of the stock. Andatee China Marine Fuel Ser Corp (NASDAQ:AMCF) shows strength in areas such as reasonable valuation, solid revenue growth and encouraging stock performance. Yet, these strengths are countered by poor profit margins and higher debt levels.
