Dallas, TX 12/10/2009 4:53:20 PM
News / Business

Top Consumer Goods Movers were JADE, RWC, MOV

Consumer Goods Stocks

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LJ International, Inc. (NASDAQ:JADE) declined 8% to $2.76. The stock is up over 487% from its 52-week low and has a market capitalization of $63.23 million. In the last six months the stock went up over 52%. LJ International Inc. is a vertically integrated company that designs, brands, markets, distributes and retails a range of fine jewelry. While it specialize in the colored jewelry segment, it also offer high-end pieces set in yellow gold, white gold, platinum or sterling silver and adorned with colored stones, diamonds, pearls and precious stones.

 

RELM Wireless Corporation (AMEX:RWC) was up 2.56% to $4 on 3.05 milion shares after the company announced that it has received an order from the Department of Defense (DoD) valued at approximately $750,000 for the Company's Rapid Deployment Portable Repeater (RDPR). Approximately $32,000 of the order will be fulfilled in 2009.

 

Movado Group, Inc (NYSE:MOV) plunged 12.90% to $9.45 on 2.13 million shares after the company revised its fiscal 2010 guidance and expects net loss per share to range from approximately $1.40 per fully diluted share to $1.50 per fully diluted share on a GAAP basis, including a $0.94 non-cash tax charge; an $0.08 charge for the sale of excess discontinued product; and a $0.03 charge for debt financing. This guidance is predicated on a revised sales outlook taking into consideration the higher than anticipated level of inventory destocking and industry liquidation sales related to retailers going out of business, resulting in an expected 20% sales decline for the year.

 

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