Wall Street PR

Premier Exhibitions Inc. (NASDAQ:PRXI) shares decline by 9.48%

Boston, MA 05/30/2013 (wallstreetpr) – The share prices of Premier Exhibitions Inc. (NASDAQ:PRXI) had declined by 9.48 percent to close at $2.10 per share for the last trading session. This was observed to be a decline of $0.22 per share over the closing price of previous trading session and the shares of the company traded in the range of $2.02 to $2.17 per share during the day. The shares of Premier Exhibitions Inc. (NASDAQ:PRXI) had hit new lows with the 52 week low price level being adjusted to $2.02 per share and the 52 week high price level of the company is at $2.99 per share.

Premier Exhibitions Inc. (NASDAQ:PRXI) is involved in providing museum quality touring exhibitions around the world through its subsidiaries. The company is involved in the development, deployment and operation of exhibition products which are presented to the public through exhibition centers, museums and nontraditional venues.

Full year financial results

Premier Exhibitions Inc. (NASDAQ:PRXI) had recently released its full year and fourth quarter financial results in which the company had registered an increase in revenue of 24.5 percent to $39.5 million over the previous fiscal year. The net income attributable to shareholders after non controlling interest was observed to be $2 million or 4 cents gain per basic and diluted share compared to the net loss of $5.8 million or 12 cents loss per share for the previous fiscal year.

Premier Exhibitions Inc. (NASDAQ:PRXI) presently holds 49.07 million shares outstanding in the market and the institutional ownership in the company is at 10 percent of the holdings.