European Debt Concerns Disturbed the Markets And Overshadowed Strong Earnings – (SAPX, FB, HBAN)

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.


Banco Santander, S.A. (NYSE:SAN) May Widen 52-Week Low As European Finance Ministers Approve Rescue Aid For Spain – (ONXX, SAPX, ASTX)

Shares of Banco Santander, S.A. (ADR) (NYSE:SAN) moved down 4.89 percent to $4.86 in pre-market session from a record low level it marked on Friday. Spanish stocks faced a fall today as market participants guessed that a banking sector rescue fund and an empowerment of the EU’s financial aid could not solve Spain’s underlying economic problems. With Spanish region of Valencia looking for a salvage package from the Central Government, investors considered that a sovereign bailout would be necessary for Spain.


Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX)

Onyx Pharmaceuticals Inc. opened higher Friday in early trade. Shares surged higher in the early afternoon and ended on $76.38 by moving up +11.67% on above average volume of 9.24 million shares.

Onyx Pharmaceuticals broke out of a one-month range and hit a new high of $79.20 for the year after the company announced that the FDA approved accelerated endorsement of Kyprolis for Injection, a proteasome inhibitor, indicated for the treatment of patients with multiple myeloma.

[article_detail_ad_1]Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX) has net profit margin of 15.28% and operating margin of 19.48%. It gained 5.15% return on assets and its return on equity was 9.58%.


Seven Arts Pictures plc (NASDAQ:SAPX)

Seven Arts Pictures Plc is engaged in the production and licensing of motion pictures in the United Kingdom and overseas.

Shares of Seven Arts Pictures plc reported a gain after the SAPX announcement and the US theatrical release of the Film “Drunkboat.” The film, released on Friday, July 13th, exclusively through AMC Movie Theatres all over major cities to include Chicago, Los Angeles, New York and Boston.

Seven Arts Pictures plc (NASDAQ:SAPX) surged 25.00% to close at $0.0500 with the total traded volume of 3.83 million shares. Stock’s 52 weeks high price was $5.75 and 52 weeks low was $0.02.  SAPX has earnings per share of $1.25 and its price to earnings ratio ended at 0.04.


Astex Pharmaceuticals, Inc. (NASDAQ:ASTX)

Astex Pharmaceuticals, Inc. (NASDAQ:ASTX) reported a gain of +13.51% and closed at $2.52 with the total traded volume of 4.83 million shares in last trading session. Its fifty two week range was $1.51-$3.16. The total market capitalization remained $234.64 million.

ASTX is ahead of its 52 week low with 66.89% and its last month price volatility remained 2.89%. Its beta coefficient was 1.05 with a target price of $4.25. In its share capital ASTX has 99.11 million outstanding shares while 90.27 million shares have been floated in market. ASTX has insider ownership of 0.52% while its institutional ownership remained 41.40%. Company’s current year earnings per share reduced with 7.24% while the five year EPS growth rate was +11.93%.