Market News

Essendant Inc. (ESND) Reaches $9.07 After 9.00% Down Move; TRINIDAD DRILLING LIGHT (TDGCF) Shorts Increased By 90.7%

The stock of Essendant Inc. (NASDAQ:ESND) is a huge mover today! The stock decreased 3.61% or $0.34 during the last trading session, reaching $9.07. About 72,469 shares traded. Essendant Inc. (NASDAQ:ESND) has declined 44.26% since December 5, 2016 and is downtrending. It has underperformed by 60.96% the S&P500.The move comes after 7 months negative chart setup for the $341.14M company. It was reported on Dec, 5 by Barchart.com. We have $8.25 PT which if reached, will make NASDAQ:ESND worth $30.70M less.

TRINIDAD DRILLING LIGHT (OTCMKTS:TDGCF) had an increase of 90.7% in short interest. TDGCF’s SI was 1.34 million shares in December as released by FINRA. Its up 90.7% from 705,200 shares previously. With 1,600 avg volume, 841 days are for TRINIDAD DRILLING LIGHT (OTCMKTS:TDGCF)’s short sellers to cover TDGCF’s short positions. The stock decreased 2.13% or $0.03 during the last trading session, reaching $1.22. About 500 shares traded. Trinidad Drilling Ltd. (OTCMKTS:TDGCF) has 0.00% since December 5, 2016 and is . It has underperformed by 16.70% the S&P500.

Essendant Inc. operates as a wholesale distributor of workplace items in the United States and internationally. The company has market cap of $341.14 million. It supplies janitorial supplies, breakroom items, foodservice consumables, safety and security items, and paper and packaging supplies. It currently has negative earnings. The firm also offers technology products, such as imaging supplies, data storage, digital cameras, and computer accessories; and computer hardware, including printers and other peripherals to computer resellers, office products dealers, drug stores, grocery chains, and online merchants.

Among 2 analysts covering Essendant Inc (NASDAQ:ESND), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Essendant Inc had 4 analyst reports since February 18, 2016 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, September 28 by Jefferies. As per Friday, April 1, the company rating was upgraded by KeyBanc Capital Markets. The stock of Essendant Inc. (NASDAQ:ESND) has “Hold” rating given on Thursday, July 27 by Jefferies.

Trinidad Drilling Ltd. designs, builds, and operates drilling rigs for the gas and oil industry primarily in Canada, the United States, and internationally. The company has market cap of $341.39 million. It provides land drilling services. It currently has negative earnings. As of December 31, 2016, the firm operated 72 rigs in Canada; and 67 rigs in the United States and internationally.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Leave a Reply

Your email address will not be published. Required fields are marked *