{"id":7537,"date":"2013-06-11T04:30:41","date_gmt":"2013-06-11T08:30:41","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=7537"},"modified":"2013-06-11T04:30:41","modified_gmt":"2013-06-11T08:30:41","slug":"acorn-international-inc-adr-nyseatv-shares-gains-by-12-86","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/acorn-international-inc-adr-nyseatv-shares-gains-by-12-86-7537","title":{"rendered":"Acorn International Inc ADR (NYSE:ATV) shares gains by 12.86%"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 06\/11\/2013 (wallstreetpr) &#8211;\u00a0The prices of American Depository Shares of Acorn International Inc ADR (NYSE:ATV) had surged by 12.86 percent to close at $2.37 per share for the end of last trading session on Monday. The ADRs of the company had been trading in the range of $2.22 to $2.54 during the day. The American Depository Shares of Acorn International Inc ADR (NYSE:ATV) had recorded 52 week low price level of $1.85 per share and 52 week high price level of $3.83 per ADR.<\/p>\n<p style=\"text-align: justify;\">Acorn International Inc ADR (NYSE:ATV) is a media and branding company with its operations based in People\u2019s Republic of China. The company is primarily engaged in the development, promotion and sales of consumer products through its integrated marketing platform. The products offered by Acorn International Inc ADR (NYSE:ATV) across its Television direct sales platform and through the distribution networks across the country are wide in range and amount to around 3000 in number. The company also sells its products through third party bank channel sales, outbound calls, catalogs or the Internet.<\/p>\n<p style=\"text-align: justify;\">Acorn International Inc ADR (NYSE:ATV) had recently released the financial results for the first quarter which ended on March 31, 2013 in which the company had reported net revenues of $51.8 million which was observed to be 24 percent decline over the previous year\u2019s $68.1 million revenue. However the gross profit margin for the company had increased from 45.1 percent for the first quarter of 2012 to 47.8 percent for the same quarter of 2013, which was an increase of 270 basis points.<\/p>\n<p style=\"text-align: justify;\">The net loss was reported to be $0.23 per basic and diluted American Depository Share compared to the net loss of $0.08 per basic and diluted American Diluted Share for the same quarter of previous year. Acorn International Inc ADR (NYSE:ATV) presently holds 29.98 million shares outstanding in the market with an institutional ownership of 2 percent of its holdings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 06\/11\/2013 (wallstreetpr) &#8211;\u00a0The prices of American Depository Shares of Acorn International Inc ADR (NYSE:ATV) had surged by 12.86 percent to close at $2.37 [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":7539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236,263],"tags":[2596,2597],"stock_ticker":[],"class_list":["post-7537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-technology","tag-acorn-international-inc-adr-nyseatv","tag-nyseatv","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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