NEW YORK, December 23, 2014 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Shiloh (NASDAQ: SHLO), Silicon Image (NASDAQ: SIMG), Smith & Wesson (NASDAQ: SWHC), SORL Auto Parts, Inc. (NASDAQ: SORL), and Spartan Motors (NASDAQ: SPAR). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
SHLO Research Report: ( http://get.analystsreview.com/pdf/?c=Shiloh&d=23-Dec-2014&s=SHLO ),
SIMG Research Report: ( http://get.analystsreview.com/pdf/?c=Silicon%20Image&d=23-Dec-2014&s=SIMG ),
SWHC Research Report: http:/get.analystsreview.com/pdf/?c=Smith%20%26%20Wesson&d=23-Dec-2014&s=SWHC ),
SORL Research Report: ( http://get.analystsreview.com/pdf/?c=SORL%20Auto%20Parts&d=23-Dec-2014&s=SORL ),
SPAR Research Report: ( http://get.analystsreview.com/pdf/?c=Spartan%20Motors&d=23-Dec-2014&s=SPAR ).
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Analyst Update: Investments,Guidance, Acquisitions,Management Transitions, and Quarterly Results
Reviewed by: Rohit Tuli, CFA®
The U.S. stock market on Monday booked its fourth straight day of gains as S&P 500 and Dow Jones Industrial Average (DJIA) closed at new records. The rally in U.S. markets was fueled by continued hopes that the Federal Reserve wouldn't be in a rush to raise interest rates. The S&P 500 gained 0.38%, DJIA advanced 0.87%, and the Nasdaq moved up 0.34% at the close of the session. The European markets also ended the day in green, rising for the fifth session in a row, with Greek shares boosted by the Prime Minister's offer to bring pro-European independents into the government. The Asian stocks were mostly higher on Monday as steadiness in crude oil prices and the Russian ruble, along with the Federal Reserve's indication that it will take a slow approach to raising interest rates, lifted the market sentiments.
Shiloh Industries, Inc. (Shiloh) has opened its Die Casting Plant in Tennessee. The Company also announced its planned investments of over $20 million for the facility along with adding more than 150 new jobs to support future production needs and customer demands.
Silicon Image, Inc. (Silicon Image) expects a YoY decline of c.10% in its revenue for 2015 due to a reduction in mobile design wins at one of its largest customers. The decline in Company's mobile business segment is expected to be partially offset by continued strength in its CE business segment.
Smith & Wesson Holding Corporation (Smith & Wesson) has completed the previously announced acquisition of Battenfeld Technologies, Inc., for c. $130.5 million. The acquisition, which provides established platform for Smith & Wesson's firearm accessories business, is expected to be accretive to Smith & Wesson gross margins, earnings per share, and cash generated in fiscal 2016, which begins May 1, 2015.
SORL Auto Parts, Inc. (SORL Auto Parts) continued to capture market share in the domestic Chinese market in third quarter 2014. Net sales during the quarter increased 7.7% YoY to $58.7 million. The Company's OEM and aftermarket sales extended to increase as its growing portfolio of advanced products addresses the needs of a greater range of vehicles.
Daryl Adams, Chief Operating Officer, Spartan Motors, Inc. (Spartan Motors) to succeed John Sztykiel upon his retirement as President and CEO on February 19, 2015. Sztykiel will continue to serve as a member of Spartan Motor's Board of Directors until his term expires in May 2015 and as a consultant to the Company until August 31, 2016.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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