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Stocks Hitting Rock Bottom: HLF, BBBY, VSBN, BAA, AMS

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Herbalife Ltd. (NYSE:HLF): The stock is in the freefall after the news of hedge fund manager Bill Ackman shorting it. Herbalife stock fell to $34.33 in the current trading session and currently is at $35.89, down 3.89 percent from its previous close of $37.34.

The stock touched its 52 weeks low with the volume of 10.376 million shares, in comparison to its usual volume of 2.07 million shares. Ackman raised the questions about the business model of the company and called it a ‘pyramid scheme’. Herbalife is involved in the business of selling nutritional supplements and weight management products. The company is based out of Grand Cayman in the Cayman Islands. It was formed in 1980 and the company distributes its products through sales representatives and retail stores.  Herbalife had a weak year and the stock lost 32 percent in the past 52 weeks. The company stock trades at Price Earnings ratio of 9.24 and its beta is 1.12. Herbalife Ltd. has market capitalization is $3.86 billion.

Bed, Bath & Beyond Inc. (NASDAQ:BBBY): The stock declined due to the company’s gloomy outlook, lagging behind consensus estimates. The company’s stock has also been rated down by Bank of America-Merrill Lynch from Buy to Neutral. Bed Bath & Beyond’s new 52 weeks low now stands at $54.33 and the stock has since then stabilized to $55.48 level, down 7.97 percent from its previous close of $60.28. The stock has traded in the range of $54.33 and $57.09 in the current trading session. The company reported its third quarter results and reported its net income at $232.8 million or $1.03 per share, marginally surpassing consensus estimate of $1.02 per share in income. However, its estimate for the fourth quarter net income in the range of $1.60 and $1.67 per share fell short of consensus estimate of EPS at $1.75. Bed, Bath & Beyond expects to earn $4.48 to $4.54 per share in income for the full fiscal year. Analysts expected the company to provide its full year outlook at $4.62 per share.

VSB Bancorp Inc. (NASDAQ:VSBN): The stock is currently trading at $9.65, which is also its new 52 weeks low, down 9.30 percent from its previous close of $10.64. It has traded in the range of $9.65 and $10.98 in the past 52 weeks. The company is engaged in the business of providing retail banking and commercial banking services, via its subsidiary Victory State Bank. VSB Bancorp offers its services to businesses and individuals. It provides loan products including construction loans. The company is based out of Staten Island in New York and it was formed in 1997. The stock is trading at the Price Earnings ratio of 14.64 and its latest Earnings per Share stood at $0.66. VSB Bancorp’s earlier 52 weeks low was at $9.84.The company is scheduled to announce its quarterly numbers on Jan. 7, 2013. VSB Bancorp commands market capitalization of $16.79 million.

Banro Corpoaration (AMEX:BAA): This $555 million company breached its previous 52 weeks low of $2.82 and created a new one at $2.72. Banro Corpoaration is currently trading at $2.753, down 2.72 percent from its previous close of $2.83. The stock’s 52 weeks high stood at $6.05. However, the stock is trading below its 20 days moving average price of $2.76 and 50 days moving average price of $2.79. The stock is trading at beta of 1.38. The company is involved in the business of exploring and developing gold properties. It is based out of Canada and is mainly operational in the Democratic Republic of Congo. Banro Corpoaration has stake in a number of gold properties including Kamituga and Lugushwa. The company also holds 13 exploitation permits. It was earlier known as Banro Resource Corporation and it changed its name in 2001.

American Shared Hospital Services (AMEX:AMS): The stock hit its new 52 weeks low at $2.30 in the current trading session. Its previous low was at $2.44 while its 52 weeks high stands at $3.55. The stock touched its day high of $2.44 and is currently at $2.30, down 5.74 percent. American Shared Hospital Services has market capitalization of $10.59 and its stock trades at beta of 0.46. The company is in the business of leasing various medical equipments including radiation therapy and radiosurgery equipments. The company is based out of San Francisco and  it was formed in 1980.

 

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