Tuesday 30 Sep 2014

First Niagara Financial Group Inc. (NASDAQ:FNFG) closed flat, Opko Health Inc. (NYSE:OPK)

First Niagara Financial Group Inc. (NASDAQ:FNFG) closed to $8.68 was up by marginally 0.12%. The 52-week range of the stock is $7.08 and $9.60. The stock is 25.40% above its 52-week low. With 352.59 million outstanding shares the market capitalization of the stock is close to 3.06 billion. The beta of the stock is 0.73; the EPS of the stock is $0.40 with a P/E of 21.63; the industry average P/E is 26.14. With an average volume of 4.44 million, around 4.59 million shares exchanged hands in its past trading session. The stock is trading above its 50 days moving average of $8.26, the RSI of the stock is 57.14. With a volatile session the stock has been in a net upward trend. The dividend yield is 3.69% and the ROE is 3.10%.

Opko Health Inc. (NYSE:OPK) was down by 1.65% and closed to $7.17. The CEO and chairman of OPK, Frost Phillip purchased 0.16 million shares at about $6.96 for a total amount of $1.09 million. OPK announced that a release of a study which uses it novel library screening technology to detects a synthetic peptoid which binds to anti-Aquaporin 4 (AQP4) antibodies with Neuromyelitis optica in the serum of the patients. The study addresses the capability to differentiate between serum of patient containing NMO and serum from healthy controls or patients with Alzheimer’s disease, multiple sclerosis, lupus and narcolepsy with precision applying effective method detect disease-specific antibodies in modest blood samples, which will assist in diagnosing several disease.

OPK is developing a product which will diagnose prostate cancer, it is also developing a different test which employs additional makers and will be more precise as compared to its current standard. The 52-week range of the stock is $4.00 and $7.83, and the stock is 8.43% below its 52-week high. The short ratio created in the stock is 10.46.  The stock has surged over the past three months with a slight consolidation seen in the past few days. The stock is still trading close to its 50 days moving average of $7.08. The EPS of the stock is negative of $0.11; and has a beta of 1.19. Around 1.22 million shares have exchanged hands in its last trading session.

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