Reliance Steel & Aluminum Co. (NYSE:RS) announced that James D. Hoffman has been promoted to the position of Executive Vice President and Chief Operating Officer, effective immediately. As Executive Vice President and Chief Operating Officer, Mr. Hoffman’s responsibilities will be expanded to include all of Reliance’s operating businesses. Mr. Hoffman will continue to report to Gregg J. Mollins, Reliance’s President and Chief Executive Officer.
Reliance Steel & Aluminum Co. (NYSE:RS) belongs to Basic Materials sector. Its net profit margin is 3.30% and weekly performance is 10.53%. On last trading day company shares ended up at $65.83. Reliance Steel & Aluminum Co. (NYSE:RS) distance from 50-day simple moving average (SMA50) is 15.50%.
Electro Scientific Industries, Inc. (NASDAQ:ESIO), an innovator in laser-based manufacturing solutions for the micro-machining industry, announced that David Nierenberg has tendered his resignation as a member of the Board of Directors at ESI, effective February 22nd.
Electro Scientific Industries Inc. (NASDAQ:ESIO) shares moved up 2.08% in last trading session and ended the day at $7.36. ESIO Gross Margin is 36.00% and its return on assets is -16.70%. Electro Scientific Industries Inc. (NASDAQ:ESIO) quarterly performance is 45.45%.
On 24 February, PennyMac Mortgage Investment Trust (NYSE:PMT) announced that its Board of Trustees has authorized an increase in its previously announced share repurchase program to $200 million. Under the program, the Company may repurchase its outstanding common shares of beneficial interest. To date this year, the Company has repurchased 2.7 million common shares at a cost of $30.9 million. Including amounts repurchased last year, the Company has repurchased a total of 3.7 million common shares under the program at a cost of $46.9 million.
On 02 March, PennyMac Mortgage Investment Trust (NYSE:PMT) shares moved up 0.61% and was closed at $13.24. PMT EPS growth in last 5 year was -5.60%. PennyMac Mortgage Investment Trust (NYSE:PMT) year to date (YTD) performance is -13.24%.
SunEdison, Inc. (NYSE: SUNE) announced that it has suspended payment of quarterly dividends on the Company’s 6.75% Series A Perpetual Convertible Preferred Stock. Dividends on the Perpetual Convertible Preferred Stock are payable in cash or common stock (with a floor price of $7.34) and suspended dividends will accumulate in arrears. The Company’s Board of Directors intends to reassess its dividend policy on an ongoing basis.
SunEdison, Inc. (NYSE:SUNE) ended the last trading day at $1.79. Company weekly volatility is calculated as 30.31% and price to cash ratio as 0.24. SunEdison, Inc. (NYSE:SUNE) showed a weekly performance of 42.06%.
Rich Boehne, chairman, president and chief executive officer of The E.W. Scripps Company (NYSE:SSP), will discuss the company’s business strategies at the Deutsche Bank 24th Annual Media, Internet and Telecom Conference in Palm Beach, Florida, on Tuesday, March 8.
The E. W. Scripps Company (NYSE:SSP) shares decreased -2.50% in last trading session and ended the day at $17.52. SSP Gross Margin is 83.40% and its return on assets is -3.30%. The E. W. Scripps Company (NYSE:SSP) quarterly performance is -20.15%.