Service Sector Updates: Complementary Research on Industrial Services of America, DGSE Companies, QKL Stores, Bioanalytical Systems and Pangaea Logistics
NEW YORK, May 18, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Industrial Services of America, Inc. (NASDAQ: IDSA), DGSE Companies Inc. (AMEX: DGSE), QKL Stores Inc. (NASDAQ: QKLS), Bioanalytical Systems Inc.(NASDAQ: BASI), and Pangaea Logistics Solutions Ltd. (NASDAQ: PANL). 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):
IDSA Research Report: ( http://get.analystsreview.com/pdf/?c=Industrial%20Services%20of%20America&d=18-May-2015&s=IDSA ),
DGSE Research Report: ( http://get.analystsreview.com/pdf/?c=DGSE%20Companies&d=18-May-2015&s=DGSE ),
QKLS Research Report: ( http://get.analystsreview.com/pdf/?c=QKL%20Stores&d=18-May-2015&s=QKLS ),
BASI Research Report: ( http://get.analystsreview.com/pdf/?c=Bioanalytical%20Systems&d=18-May-2015&s=BASI ),
PANL Research Report: ( http://get.analystsreview.com/pdf/?c=Pangaea%20Logistics&d=18-May-2015&s=PANL ).
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Analyst Update: Financial & Operational Resultsand Key Appointments
U.S. stocks mostly drifted between modest gains and losses on Friday, May 15, 2015 as investors remained cautious over weaker than expected economic data. The Dow Jones Industrial Average gained 0.11%, to finish at 18,272.56, the S&P 500 rose 0.08%, to 2,122.73, and the NASDAQ Composite ended the day at 5,048.29, down 0.05%. European stocks closed lower on Friday amid rise in the value of euro against dollar. Germany's DAX 30 lost 0.98%, France's CAC 40 fell 0.71%, and London's FTSE 100 closed 0.18% lower on Friday. Meanwhile, Asian markets painted a mixed picture on Friday. The Shanghai Composite fell as expectation of Chinese stimulus measures cooled, while Hong Kong's Hang Seng and Japan's Nikkei gained on Friday.
According to a Bloomberg report dated May 13, 2015, Industrial Services of America, Inc. (ISA) has announced the warm idle of the Company's auto shredder. The action is largely attributable to current market conditions majorly related to ferrous price volatility and lower ferrous volumes. This move will enable ISA to focus on its fundamental ferrous business, operations generating positive cash flows and future growth opportunities.
DGSE Companies, Inc. announced its financial results for the first quarter, on May 13, 2015. The Company's revenues from continuing operations were $12.9 million, a dip of 29% compared to $18.0 million on a year-on-year basis, largely driven by a declining trend in bullion and scrap sales and a slow sale of DGSE's product line.
According to a PRNewswire release, QKL Stores Inc. has announced its financial results for the first quarter (period ended March 31, 2015) on May 15, 2015. Revenue increased $6.6 million, or 7.7% YoY, to $92.6 million as compared to $86.0 million in Q1 2014. The Company posted same store (42 stores) sales of approximately $79.6 million in the first quarter of 2015, a decrease of $0.7 million, or 0.9% compared with $80.3 million in net sales in the first quarter of 2014.
On March 17, 2015, Bioanalytical Systems, Inc. reported that Philip A. Downing has been promoted as Vice President of Preclinical Services. The Company highlighted that this appointment continues to position BASi as the partner of choice for early-stage drug development and to enhance the Company's ability to meet the needs of its clients and to drive future growth.
On May 14, 2015, Pangaea Logistics Solutions Ltd., a global provider of comprehensive maritime logistics solutions, announced its first quarter financial results for the quarter ended March 31, 2015. The Company reported total revenue of $95.1 million, down by 17% from $114.2 million on year-on-year basis. Adjusted EBITDA was $12.9 million, representing 3% growth as compared to $12.6 million in the same quarter year ago.
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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.
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