Dallas,TX 1/16/2010 12:43:46 AM
News / Business

Top Industrial Goods Mover Stocks are MTW, AONE, SHFL

Industrial Goods Mover Stocks

 

Manitowoc Company, Inc. (NYSE:MTW) is amongst the top gainers in the early hours with a massive volume of 5.37 million shares and zoomed 8.74% at $14.19. The stock today also touched a new 52 week high at $14.60. The company is planning to refinance a portion of its term loans under its senior secured credit facility with senior unsecured notes to improve the balance and flexibility of its capital structure. The amount of the offering, which is tentatively planned for the second half of January, has not yet been finalized but is expected to be approximately $400 million. This planned refinancing will extend required maturities for a portion of the company's long term debt and will introduce a greater amount of unsecured debt into the company's capital structure.

 

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A123 Systems, Inc. (NASDAQ:AONE) rallied 1.03% to $20.61 on a massive volume of 832K shares. The stock has a 52-week range of $14.31-$28.20. A123 Systems, Inc. designs, develops, manufactures and sells advanced, rechargeable lithium-ion batteries and battery systems. The Company is engaged in design and development efforts with several passenger vehicle manufacturers and tier 1 suppliers, including General Motors Corporation and Think Global AS, relating to the design and development of batteries and battery systems for 11 passenger vehicle power train programs that can be applied to 19 vehicle models.

 

Shuffle Master, Inc. (NASDAQ:SHFL) surged 3.55% to $9.34 with a massive volume of 692K shares. The stock has a 52-week range of $1.97-$9.90.  Shuffle Master, Inc. is engaged in developing, manufacturing and marketing technology and entertainment-based products for the gaming industry for placement on the casino floor. The Company manufactures its products at its manufacturing facility in Las Vegas, Nevada, as well as at Milperra, New South Wales, Australia. In addition, it outsources the manufacturing of certain of its sub-assemblies in the United States, Europe and Australasia.

 

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