Top Industrial Stocks Losers (NYSE: CX, DGW, KMT)
Industrial Stocks Losers by PennyStockPickalert.com.
(EMAILWIRE.COM, January 29, 2010 ) Dallas, Tx - Cemex SAB de CV (ADR) (NYSE:CX) declined 5.35% to $9.37 on 21.26 million shares. The stock hit an intraday high and an intraday low of $9.97 and $9.33 respectively. In the last six months the stock went down over 2%. CEMEX, S.A.B. de C.V. is a Mexico-based holding company of entities whose main activities are oriented to the construction industry, through the production, marketing, distribution and sale of cement, ready-mix concrete, aggregates and other construction materials.
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Duoyuan Global Water Inc (NYSE:DGW) plunged 5.18% to $28.20 on 2.88 million shares after the company announced that its follow-on public offering of 3,545,000 American Depositary Shares (ADSs), representing 7,090,000 ordinary shares, was priced at $29.50 per ADS. Of these ADSs, 2,760,000 ADSs are being sold by the Company and 785,000 ADSs are being sold by a selling shareholder.
Kennametal Inc. (NYSE:KMT) decreased 5.73% to $25.49 on 2.12 million shares after the company raised its fiscal 2010 guidance and expects EPS from the range of $0.50 to $0.70 per share to the range of $0.65 to $0.75 per share, excluding restructuring and divestiture related charges, on sales that are expected to be 8% to 10% lower year-over-year on an organic basis. According to Reuters Estimates, analysts were expecting the Company to report EPS $0.66 for the same period. Kennametal also announced that its Board of Directors declared a regular quarterly cash dividend of $0.12 per share.
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Duoyuan Global Water Inc (NYSE:DGW) plunged 5.18% to $28.20 on 2.88 million shares after the company announced that its follow-on public offering of 3,545,000 American Depositary Shares (ADSs), representing 7,090,000 ordinary shares, was priced at $29.50 per ADS. Of these ADSs, 2,760,000 ADSs are being sold by the Company and 785,000 ADSs are being sold by a selling shareholder.
Kennametal Inc. (NYSE:KMT) decreased 5.73% to $25.49 on 2.12 million shares after the company raised its fiscal 2010 guidance and expects EPS from the range of $0.50 to $0.70 per share to the range of $0.65 to $0.75 per share, excluding restructuring and divestiture related charges, on sales that are expected to be 8% to 10% lower year-over-year on an organic basis. According to Reuters Estimates, analysts were expecting the Company to report EPS $0.66 for the same period. Kennametal also announced that its Board of Directors declared a regular quarterly cash dividend of $0.12 per share.
ABOUT http://www.PennyStockPickalert.com
Penny Stock Pick Alert provides free stock newsletters on various types of stocks. These alerts helps investors in making the wise stock market decisions. So far thousands of our subscribers have made huge gains using our daily stock alerts. We also track penny stocks, midcap penny stocks. You can become leader in stock market by keeping track of the daily activity.
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