Boston, MA 10/08/2014 (wallstreetpr) – SinoCoking Coal and Coke Chem Ind, Inc. (NASDAQ:SCOK) saw a huge melt down in its share price yesterday. This was tied in with the firm filing its Annual data with the Security and Exchange Commission on 4th October. The coke producer headquartered in China had reported a sequential dip in revenue for the past four quarters. For the quarter ending June 30, 2014 it had reported revenue of $8,590,000. This was well below the $10,994,000 it had reported for previous quarter which ended on 31st March’14. Gross profits too have been sliding as per the SEC update. Gross profits for quarter ending 30th June was down to $1390,000 as against the $2449,000 it had reported for quarter ending 31st March’ 2014.
EZCORP Inc (NASDAQ:EZPW) which is into providing “instant cash solutions” to both retail and wholesale consumers had announced on 6th October that it is realigning its go to market strategy. Going forward it hopes to concentrate on defining and providing an “integrated, customer-centric financial services” solution offering. It has termed the changes focus as a “back to basics” approach. The new approach is being built on the foundation of four key focus areas, the firm has disclosed. These touch points include “High Performance Culture; Customer-Centricity; Operational Excellence; and Disciplined Growth.” Investors seem to be left unimpressed with the initiative. The company shares saw their market valuation go down by close to 10 percent during trading on 7th October.
Aegion Corp (NASDAQ:AEGN) filed an SEC update on October 7 to the effect that it is making public an Investor Slide Presentation. It has uploaded the same slide deck on its corporate website. The slide deck was released a day after it appointed Charles R. Gordon as its new President and Chief Executive Officer. Investors discounted these developments and continued to sell their stock holdings in the company. This resulted in a steep 12 percent dip in its share price during trading on 7th October.
