Even though the market made quite a rebound after Italian bond yields eased on Thursday, select stocks in the Nasdaq index remained highly negative as the morning began. See which stocks plunged after opening down below.
Delta Petroleum Corp. (Public, NASDAQ:DPTR) declined by a massive 66.83% to a trading price of $0.680 per stock, opening the day at $0.61. Overall traded volume rose to 1.06M, its average volume being 173,950.00. Market capitalization arrived at 18.69M after reaching a new 52-week low of $0.57, alongside an EPS of -3.06.
Delta Petroleum Corporation announced its financial and operating results for the third quarter 2011 and provided an update on the strategic alternatives process. In July 2011, the Board of Directors of the Company announced that it had engaged Macquarie Capital (USA) Inc. and Evercore Group, L.L.C. to act as advisors to the Company in conducting a strategic alternatives process in order to maximize shareholder value and address the 2012 debt maturities. In the strategic alternatives process, the board of directors has considered a wide variety of possible transactions, including the sale of the company, issuances of equity or debt securities, sales of assets, joint ventures and volumetric production payment financing, as well as other potential corporate transactions.
The Princeton Review, Inc (Public, NASDAQ:REVU) lost 4.96% to a price of $0.140 per stock, opening the day earlier at $0.13. Overall traded volume however rose to 154,091.00, bypassing its average volume of 125,107.00. Market capitalization arrived at 7.67M, alongside an EPS of -0.93.
The Princeton Review, Inc. has reported financial results for the third quarter ended September 30, 2011. Loss from continuing operations was $83.7 million in the third quarter of 2011, compared to a loss of $8.6 million in the same year-ago quarter.
Celsion Corporation (Public, NASDAQ:CLSN) plunged 7.71% to a trading price of $3.23 early Thursday. After opening the day at $3.46, volume arrived at 276,364.00, its average volume being 332,701.00. Market capitalization stood at 84.89M, trailing by an EPS of -1.50.
Network Engines, Inc. (Public, NASDAQ:NEI) fell 9.37% to a price of $1.16 after opening the day at $1.19 Thursday. Volume however rose to 211,206.00, its average volume being 135,872.00. Market capitalization stood at 53.85M, alongside a P/E of 10.81 and an EPS of 0.12.
Network Engines, Inc. announced that for the first quarter of 2012, it expects net revenues to be in the range of $58-$63 million, net income on a GAAP basis in the range of $0.5-$1.0 million and net income on a non-GAAP basis in the range of $0.8-$1.3 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $65 million and net income of $2.1 million for the first quarter of 2012
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