Noticeable Bearish Movements at NYSE – MPG, RAS, ODP, ZQK, FBP

RAIT Financial Trust (NYSE:RAS) facing a downturn since its Earnings Announcement on 22nd Oct, 2010 and showed a mixed trend of its closing prices. The Company stock's RSI (14) approach to 43.53 indicate overvaluation but with a momentum to go up. The stock's current price is below but near its targeted price of analyst set at $1.75. The capital structure obtained from financials of the most recent quarter gave a view of highly levered firm with total debt to equity ratio of 2.21. Its past twelve month's margin of operating profit was 32.79% while net profit margin for the same period remained 39.05%. The Stock currently is trading better can be judged by its distance of 62.38% from 52 weeks low price. Similarly, sales annual growth for past 5 years reached 41.82% however year over year quarterly EPS grew at 149.09%. RAIT Financial Trust (NYSE:RAS) saw the correction of 6.29% closed at $1.64. Its overall trading volume was 2.00 million shares as compared to its average volume of 2.19 million shares. The Stock's average price in 200 days remained $1.98 and its market capitalization is $159.20 million. MPG Office Trust, Inc. (NYSE:MPG) plunged 14.79% closed at $2.42. Its overall trading volume was 3.07 million shares as compared to its average volume of 847,919.00 shares. The Stock's average price in 200 days remained $2.74 and its market capitalization is $116.46 million. Office Depot, Inc. (NYSE:ODP) reported a fall of 5.08% closed at $4.48. Its overall trading volume was 9.47 million shares as compared to its average volume of 7.21 million shares. The Stock's average price in 200 days remained $5.63 and its market capitalization is $1.24 billion. Quiksilver, Inc. (NYSE:ZQK) plunged 5.01% closed at $4.17. Its overall trading volume was 1.51 million shares as compared to its average volume of 1.03 million shares. The Stock's average price in 200 days remained $4.08 and its market capitalization is $683.65 million. First BanCorp. (NYSE:FBP) decreased 3.64% closed at $0.30. Its overall trading volume was 2.32 million shares as compared to its average volume of 2.70 million shares. The Stock's average price in 200 days remained $1.29 and its market capitalization is $95.55 million.
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