Bearish MACD Crossovers – EMKR, ENTR, FASC, FBCM, GBLI
by Matt Tindall in Business on May 17, 2011
EMCORE Corporation (NASDAQ:EMKR) fell -4.03%, to close at $2.38 and its overall traded volume was 1.18M shares in the last trading session. EMKR opened the day at $2.46, it made an intraday low of $2.35 and an intraday high of $2.49. The 52-week range of the stock is $0.71 – $3.25. EMKR’s market capitalization is $205.16M and it has 86.20M outstanding shares.EMCORE Corporation (EMCORE) offers a portfolio of compound semiconductor-based products for the broadband, fiber optics, space and solar power markets. The Company operates in two segments: Fiber Optics and Photovoltaics. EMCORE’s Fiber Optics segment offers optical components, subsystems and systems for high-speed data and telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP) networks. The Company’s Photovoltaics segment provides products for both space and terrestrial applications. Its products serve the telecommunications, datacom, CATV, FTTP, high-performance computing, defense and homeland security, space and terrestrial solar power markets. Customers for its Fiber Optics segment include Arris/C-Cor Electronics, Aurora Networks, BUPT-GUOAN Broadband, Ciena, Cisco, Fujitsu, Hewlett-Packard, Huawei, Motorola, Tellabs and ZTE. During the fiscal year ended September 30, 2010 (fiscal 2010), the Company’s Gen-III product went into volume production.
Entropic Communications, Inc. (NASDAQ:ENTR) slid -4.06%, to close at $8.51 and its overall traded volume was 2.47M shares in the last trading session. ENTR opened at $8.77 and is trading within the range of $8.49-$8.84. The stock has a 52 week low of $4.51 and 52 week high of $13.96. At current market price, the market capitalization of the company stands at $729.11M and it has 85.68M outstanding shares.Entropic Communications, Inc. (Entropic) is a semiconductor company. Entropic designs, develops and markets systems solutions to enable connected home entertainment. The Company’s products include integrated circuits and related software associated with home networking solutions based on the Multimedia over Coax Alliance (MoCA) standard; direct broadcast satellite (DBS), services; broadband access, and silicon tuners. As of December 31, 2010, its solutions are used in consumer electronic and service provider customer premises equipment, including set-top boxes, broadband routers, optical network terminals, low-noise block converters, multi-room digital video recorders (DVRs), residential gateways and Ethernet-to-coax adapters, and can be used in other devices, such as digital televisions, gaming consoles, connected high-definition televisions (HDTVs), OTT set-top-boxes, media servers and network attached storage devices.
First American Scientific Corp (OTC:FASC) percentage change dropped -1.05%, to close at $0.0188 and its overall traded volume was 9,700.00 shares in the last trading session. FASC shares were trading within the range of $0.01-$0.02 while its opening price was $0.01. The stock has a 52 week range of $0.00 – $0.04. The market capitalization of the company stands at $3.76M and it has 199.95M outstanding shares.First American Scientific Corp. owns the patented kinetic disintegration system called the KDS Micronex System and three additional process patents using the equipment. The System consists of an electrically powered disintegration/drying chamber and feeding system that utilize kinetic energy and standing sound waves to pulverize various waste materials such as biomass (wood waste), pulp sludge, animal waste, food waste, rubber, glass and other feed stocks into powders that can be used as a combustible fuel or a high nutrient fertilizer. It focuses on identifying and developing waste to resources strial applications for the KDS System, then market, manufacture, sell, lease and/or license it to end users in the forest and pulp and paper industries, in agriculture, in recycling and others. It has three subsidiaries: First American Scientific ( Canada ) Ltd., First American Scientific Corp. (Malaysia) Bhd. Sdn and JP FASKorea Co. Ltd.
FBR Capital Markets Corporation (NASDAQ:FBCM) percentage change fell -0.84%, to close at $3.53 and its overall traded volume was 122,312.00 shares in the last trading session. FBCM shares were trading within the range of $3.52-$3.58 while its opening price was $3.54. The 52-week range of the stock is $3.13 – $4.53. FBCM’s market capitalization is $220.11M and it has 62.35M outstanding shares.FBR Capital Markets Corporation is a full-service investment banking, institutional brokerage and asset management company. In addition, it makes principal investments, including merchant banking investments. The Company’s subsidiaries are FBR Capital Markets & Co. (FBR & Co.), FBR Capital Markets International, Ltd. (FBRIL), Financial Services Authority (FSA), and FBR Fund Advisers, Inc. (FBR Fund Advisers). Its segments include capital markets, which include investment banking and institutional brokerage and research; asset management, and principal investing, which includes merchant banking. The Company’s capital markets business is conducted by its investment banking and institutional brokerage professionals through its United States and United Kingdom broker-dealer subsidiaries. The Company’s investment adviser subsidiaries principally manage a family of mutual funds. On August 31, 2009, the Company acquired Watch Hill Partners LLC.
Global Indemnity plc (NASDAQ:GBLI) percentage change fell -0.50%, to close at $23.73 and its overall traded volume was 32,898.00 shares in the last trading session. GBLI opened the day at $23.77, it made an intraday low of $23.70 and an intraday high of $23.95. The 52-week range of the stock is $10.10 – $27.29. GBLI’s market capitalization is $720.36M and it has 30.36M outstanding shares.Global Indemnity plc, formerly United America Indemnity, Ltd. is a holding company, which offers a range of insurance and reinsurance products and services to meet the needs of the customers. The Company’s operating divisions, CompGlobal, Diamond State Group, Penn-America Group, United National Group, and Wind River Reinsurance Company, Ltd., are providers of specialty property, casualty, and workers’ compensation coverage. The Company’s multi-channel distribution network consists of the United States and international operations. The United States operations are composed of seven insurance companies.
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