Notable 52-Week Highs and Lows 8/15: (SORL) (ACIA) (VIAV) High; (SKLN) (MSLI) Low

August 15, 2016 3:36 PM EDT

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52-Week High:
  • Sorl Auto Parts (Nasdaq: SORL) $3.19. Sorl Auto Parts reported Q2 EPS of $0.37, $0.19 better than the analyst estimate of $0.18. Revenue for the quarter came in at $73.5 million versus the consensus estimate of $57.71 million.

  • Acacia Communications (Nasdaq: ACIA) $109.36. Acacia Communications continuing higher from Q2 results reported last week.

  • Viavi Solutions (Nasdaq: VIAV) $7.64. Viavi Solutions also adding to recent gains following quarterly results. Needham & Company was out with cautious commentary on the name today. Click here for more color.

  • Kingold Jewelry (Nasdaq: KGJI) $2.46. Kingold Jewelry reported Q2 EPS of $0.30, versus $0.01 reported last year. Revenue for the quarter came in at $390.3 million, versus $249.4 million reported last year.
52-Week Low:
  • Skyline Medical Inc. (Nasdaq: SKLN) $0.09. Skyline Medical reported Q2 EPS of ($0.04), versus ($0.36) reported last year. Revenue for the quarter came in at $85.4 thousand, versus $234 thousand reported last year.

  • Merus Labs International Inc. (Nasdaq: MSLI) $0.95. Merus Labs International reported Q3 results. Revenue increased to $25.7 million for fiscal Q3 2016 from $9.5 million in the prior year quarter. Gross Basis Revenue increased to $32.6 million for fiscal Q3 2016 from $13.7 million in fiscal Q3 2015. Merus' sales performance and outlook remain consistent with expectations. Higher than planned expenses during the second half of the current fiscal year are expected to result in the Company's fiscal 2016 adjusted EBITDA, without consideration of additional acquisitions, to be in the $43 to $46 million range. The longer than expected regulatory process for the Sintrom manufacturing transfer is the main driver along with some additional one-time and ongoing expenses related to enhancing the European technical operations team.



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