Simpson Manufacturing Co. Inc. (
) said for the fourth quarter of 2012, net sales increased 10.7% to
$144.7 million compared to net sales of $130.7 million for the
fourth quarter of 2011. The company had net income of $5.9 million
for the fourth quarter compared to net income of $4.9 million a
year earlier. Diluted net income per common share was $0.12
compared to diluted net income of $0.10. Fourth quarter 2012 net
income included a $9.9 million tax benefit.
According to Yahoo Business News, the EPS estimate for December
2012 was for $0.07 while the EPS Actual was $0.12.
SSD is down 6.5% at near $29.70, above a day low $29.04 but
below a day's high of $32 compared to an open price of $31.20,
moving in a 52-week range of $23.22 - $34.33.
According to a report on Forbes, shares of SSD are "now
oversold". The report said: "We define oversold territory using the
Relative Strength Index, or RSI, which is a technical analysis
indicator used to measure momentum on a scale of zero to 100. A
stock is considered to be oversold if the RSI reading falls below
30. In the case of Simpson Manufacturing Co., Inc. , the RSI
reading has hit 23.9."
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.