Key Tronic Corporation (NASDAQ: KTCC) declined 18.39% and closed at $9.72. The Company announced second quarter results. The total revenue increased 12% to $94.6 million. Net income for the second quarter of fiscal year 2013 was $3.6 million or $0.33 per diluted share compared to $3.2 million or $0.30 per diluted share in the second quarter of 2012. The Company expects to report revenue in the range of $83 million to $90 million and earnings in the range of $0.24 to $0.30 per diluted share for the third quarter of fiscal year 2013.
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China Armco Metals Inc (NYSE: CNAM) went down 15.19% and closed at $0.407. , The Company’s wholly owned subsidiary, Armco Renewable Metals has signed a sales agreement with Jiangsu Lihuai Iron & Steel Co Ltd. According to the agreement, China Armco's subsidiary will supply on average 5,000 metric tons each month of various scrap steel to the client in 2013.
ModusLink Global Solutions Inc. (NASDAQ: MLNK) decreased 11.36% and closed at $2.73. The 52-week range for the stock is $2.10 and $6.0. The Company has Price/Sales ratio of 0.16 and Price/Book ratio of 0.75. The 50-Day Moving Average and 200-Day Moving Average prices is $2.94 and $3.19 respectively.
Ambarella Inc (NASDAQ: AMBA) declined 11.81% and closed at $10.16. The Company will be presenting at the Stifel Nicolaus 2013 Technology Conference at the San Francisco Ritz Carlton on February 6th at 2:40 pm, Pacific time. Ambarella is a leading developer of low-power, high-definition video compression and image processing solutions.
Eagle Bulk Shipping Inc. (NASDAQ: EGLE) slipped 11.06% and closed at $2.01. Jefferies restated hold rating on Eagle Bulk Shipping and lowered the price target from $3.00 to $2.50. Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.
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