Notable Watch List: United States Steel Corporation (NYSE:X), MeetMe Inc (NASDAQ:MEET), Intersil Corp (NASDAQ:ISIL)

On Tuesday, Shares of United States Steel Corporation (NYSE:X), subtract -6.41% and closed at $17.52 in the last trading session. The last trading range of the stock ranges between $17.48 and $18.65. United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products. This segment serves customers in the automotive, consumer and the combined industrial, service center, and mining commercial markets. The USSE segment provides slabs, sheets, strip mill plates, tin mill products, and spiral welded pipes, in addition to heating radiators and refractory ceramic materials. This segment serves customers in the construction, service center, conversion, container, transportation, appliance and electrical, oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing; and standard and line pipe and mechanical tubing products mainly to customers in the oil, gas, and petrochemical markets.

MeetMe Inc (NASDAQ: MEET), dropped -8.33% and closed at $5.61 in the last trading session. The last trading range of the stock ranges between $5.38 and $5.98. The company’s Market capitalization is $290.64 Billion with the total Outstanding Shares of 52.48 million. MeetMe, Inc. (MEET), a public market leader for social discovery, recently declared that it has accomplished its acquisition of Skout, Inc., a leading global mobile network for meeting new people. MeetMe anticipates the acquisition, which closed on October 3, 2016, to significantly increase both the size of its user base and its total revenue, allowing for greater monetization, strong operating leverage and raised profitability. Skout’s revenue for its third quarter ended September 30, 2016 is expected to be about $6.6 million and its trailing twelve months’ revenue as of September 30, 2016 is expected to be about $26 million.

MeetMe also declared preliminary revenue results for its third quarter of 2016, ended September 30, 2016. For the third quarter MeetMe anticipates its standalone revenue to be about $17.2 million, which is within the company’s formerly offered guidance range and represents growth of about 20% year over year.

Geoff Cook, CEO of MeetMe, said, “With the completion of this acquisition, we have brought together two of the leading mobile apps for meeting and chatting with new people, which combined have more than eight million monthly active users and boast one of the leading mobile user bases of the coveted millennial generation. As we continue to capitalize on the increase in ad dollars being spent on mobile advertising, we believe we are well positioned with our significantly raised scale to deliver greater monetization and raised profitability.”

Intersil Corp (NASDAQ:ISIL), gained 0.55% and closed at $22.09 in the last trading session. The last trading range of the stock ranges between $21.95 and $22.10. During the 52-week trading session the minimum price at which share price traded, registered at $10.67 and reached to max level of $22.76. Intersil Corporation designs and develops power administration and precision analog integrated circuits (ICs) for applications in the infrastructure, industrial, automotive, military, aerospace, computing, and consumer markets. The company offers various power IC solutions for battery administration, processor power administration, and display power administration, counting power regulators, converters, and controllers, in addition to integrated power modules. It also provides precision analog components, such as amplifiers and buffers, proximity and light sensors, data converters, optoelectronics, video decoders, and interface products. The company markets its products through direct sales force and a network of distributors to original equipment manufacturers, original design manufacturers, and contract manufacturers mainly in China, the United States, South Korea, Japan, Germany, Singapore, and Taiwan.

Leave a Reply

Your email address will not be published. Required fields are marked *