Top Morning News: The Medicines (NASDAQ:MDCO), Retractable Technologies (NYSEMKT:RVP), Coast Distribution System (NYSEMKT:CRV), Government Properties Income Trust (NYSE:GOV), Square 1 Financial


On January 13, 2015, The Medicines Company (NASDAQ:MDCO) completed its private offering of $400,000,000 aggregate principal amount of its 2.50% convertible senior notes due 2022 (“Notes”) and entered into an indenture (the “Indenture”) with Wells Fargo Bank, National Association, a national banking association, as trustee (the “Trustee”), governing the Notes. The aggregate principal amount of Notes sold reflects the exercise in full by the initial purchasers of the Notes of their option to purchase up to an additional $50 million in aggregate principal amount of the Notes.On Wednesday shares of The Medicines Company (NASDAQ:MDCO) closed at $26.02. Company’s sales growth for last 5 years was 14.60% and EPS growth for next 5 years is recorded as 10.00%.

Retractable Technologies Inc. (NYSEMKT:RVP) said it would recover $340.5 million from medical-product maker Becton Dickinson & Co. (BDX) under a federal judge’s final ruling in a long-running case tied to alleged anticompetitive conduct in the safety syringe market. Retractable Technologies, Inc. (NYSEMKT:RVP) in last trading activity advanced 6.04% to close at $4.39. Company weekly performance is 3.29% while its quarterly performance stands at 22.28%. Retractable Technologies, Inc. (NYSEMKT:RVP) is -18.55% away from its 52 week high.

The Coast Distribution System, Inc. (NYSEMKT: CRV), one of North America’s largest aftermarket suppliers of replacement parts, accessories and supplies for the recreational vehicle (RV) and outdoor recreation industries announced that the Priority RV Network designated Coast as one of the preferred suppliers of after-market parts and accessories to the Priority Network of RV dealers. On last trading day Coast Distribution System Inc. (NYSEMKT:CRV) remains unchanged to close at $3.45. Its volatility for the week is 4.83% while volatility for the month is 2.46%. CRV’s sales growth for past 5 years was -2.90% and its EPS growth for past 5 years was 19.30%. Coast Distribution System Inc. (NYSEMKT:CRV) monthly performance is 9.87%.

Government Properties Income Trust (NYSE: GOV) announced its regular quarterly common share distribution of $0.43 per common share ($1.72 per share per year). This distribution will be paid to GOV’s common shareholders of record as of the close of business on January 23, 2015 and distributed on or about February 26, 2015. Government Properties Income Trust (NYSE:GOV) has 1.40% insider ownership while its institutional ownership stands at 62.30%. In last trading activity company’s stock closed at $22.55.

Square 1 Financial, Inc. (NASDAQ:SQBK) announced results for the fourth quarter and year ended December 31, 2014. Consolidated net income available to common shareholders for the fourth quarter of 2014 was $9.5 million, or $0.32 per diluted share, compared to $8.8 million, or $0.29 per diluted share, for the third quarter of 2014. On last trading day Square 1 Financial, Inc. (NASDAQ:SQBK) advanced 5.35% to close at $23.25. Its volatility for the week is 3.92% while volatility for the month is 3.93%. Square 1 Financial, Inc. (NASDAQ:SQBK) monthly performance is -4.04%.


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