European financial woes returned to disturb the stock markets and overshadowed strong financial reports to end the benchmarks’ three-day gaining string. The tech-heavy NASDAQ Composite (INDEXNASDAQ:.IXIC) fell about 2% and was down to 2,869.10, at last check.
The European debt problems crushed another round of healthy corporate results. Markets had been benefiting from an upward momentum on most of the last few days, maintained by heartening earnings results. However, upbeat results from companies including General Electric Company (NYSE:GE), Schlumberger Limited. (NYSE:SLB) and Baker Hughes Incorporated (NYSE:BHI) did not perform well to help the indices on Friday.
Seven Arts Pictures plc (NASDAQ:SAPX)
Shares of Seven Arts Pictures boosted to +30.00% to $0.0650 with the total volume of 14.48 million shares in mid day trading after it announced that Seven Arts Pictures Louisiana LLC (“SAPLA”) has filed both an inspection with the Louisiana Department of Economic Development of its film infrastructure expenses
Seven Arts will be allowed to collect on or before December 31, 2012 from SAPLA approximately $8,800,000 of Federal and [article_detail_ad_1]Louisiana historic rehabilitation tax credits and Louisiana film infrastructure tax credits earned by SAPLA based on the review and assemblage.
Facebook Inc (NASDAQ:FB)
Facebook, Inc. (Facebook) is engaged in building products to create utility for users, developers, and advertisers. FB dropped -0.94% to $28.49 and its total volume was 9.56 million shares during mid day trading. Stock was opened at $28.12 and its shares were trading within the range of $28.01-$29.00.
Facebook is ahead its 52 week low with 11.68% and its last month price volatility remained 4.62%. Its beta coefficient was 2.17 with a target price of $38.21. In its share capital FB has 2.14 billion outstanding shares while 421.23 million shares have been floated in market. Company’s current year earnings per share grew with +79.57% while the five year EPS growth rate was 0.00%.
Huntington Bancshares Incorporated (NASDAQ:HBAN
Huntington Asset Services, Inc., a wholly owned subsidiary of Huntington Bancshares Incorporated has extended its association with the Midas Family of Funds through March 2015. Midas has been a Huntington Asset Services client since 2002.
Huntington Bancshares Incorporated board of directors also declared a quarterly cash dividend of $21.25 per share on its 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock (HBANP).
In mid day trading, Huntington Bancshares Incorporated (NASDAQ:HBAN) fell down -1.50% to closed at $6.23 and total traded volume was 8.69 million shares. Its market capitalization is 5.34 billion. HBAN has earnings per share of $0.63 and its price to earnings ratio ended at 9.92.