Seven Stars Cloud Group, Inc. (NASDAQ:SSC) retreated its position after shares change of 1.02% on Tuesday and it traded at $2.98. The 52-week high of the share price is -57.43% and 52-week low of the share price is 138.40%.
Seven Stars Cloud Group, Inc. (NASDAQ:SSC), jointly released that the firm and the Delaware Board of Trade ATS, LLC, the first and only blockchain based Alternative Trading System, has optimized its DBOT ATS platform with SSC’s Next Gen X’s global issuance and trading capabilities. The newly branded trading platform, operational and live Wednesday, February 14, will be branded as: DBOT ATS, Powered By Next Gen X. DBOT ATS LLC is regulated by FINRA.
Seven Stars Cloud’s Next Gen X, will “power” DBOT by bringing global digital funding opportunities, offerings and liquidity to the DBOT platform through secondary trading. By rebranding the DBOT ATS platform via the addition of “Powered by Next Gen X,” both DBOT and SSC will benefit the combined platform and network is introduced and marketed to a global audience who have interest in both listing and trading on a US platform. Fundamental Interactions Inc., which develops leading enterprise market center technology platforms, provides its best in class technology stack to the DBOT ATS, Powered by Next Gen X, to offer blockchain-based Regulation A, D and CF offering capabilities.
Additionally, SSC / Next Gen X is in the process of finalizing its own dedicated ATS platform. This platform will offer a “plug and play” solution that will enable SSC’s Global Partners Trading Network (“GPTN”) to expand their issuance and trading volume via a consortium of 20+ targeted exchanges and ATSs (including DBOT). The GTPN is targeted to be established in the following (but not limited to) markets: US, UK, Dubai, Switzerland, Korea, Luxemburg, Kuwait, Hong Kong, Taiwan, Canada, Australia, Singapore, UAE, Japan and Cambodia.
The shares performance of SSC was -38.92% for the last one month and -5.75% in the previous week, whereas year to date performance was calculated -36.01%. The goal of share performance is to compare managers to the interests of shareholders. Their goal is alike to employee stock-option plans, as they offer an explicit incentive for management to focus their efforts on maximizing shareholder value. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at -112.20%. Investors looking further ahead will note that the Price to next year’s EPS is 0.00%.
In latest trading session, Diamond Offshore Drilling, Inc. (NYSE:DO) moved down -3.04% with 47286 trading volume. Diamond Offshore Drilling, Inc. (NYSE:DO) revealed the following results for the fourth quarter of 2017: “Although market conditions continue to be challenging, we were able to secure additional work for the Ocean Valorand Ocean Valiant, extending both of the rigs’ current contracts through 2020,” said Marc Edwards, President and Chief Executive Officer. “These contract extensions comprise a majority of the additional 48 months of backlog Diamond was able to secure this past quarter.” Edwards went on to say, “The moored market continues to tighten, evidenced by our three other contract wins during the quarter.”
Operational efficiency of the Company’s fleet was 98.8% in the fourth quarter, compared to 94.3% in the third quarter of 2017, reflecting continued improvements from the Company’s Pressure Control by the Hour® service model. As of December 31, 2017, the Company’s total contracted backlog was $2.4 billion, which represents approximately 21 rig years of work.
DO has the current ratio of 3.60 for the most latest quarter. As concerns shares volumes, in share Capital Company has 137.50 million outstanding shares among them 137.06 million shares have been floated in market exchange. The firm’s institutional ownership remained value missing while insider ownership included 0.13%.
Stocks of United Technologies Corporation (NYSE:UTX) traded at $126.17 in latest session with the total traded volume of 65292. Pratt & Whitney, with the support of Airbus, persists to evaluate the impact of findings last week relating to a knife edge seal on the High Pressure Compressor (HPC) aft hub on a limited subpopulation of the PW1100G-JM engine that powers the Airbus A320neo aircraft.
Pratt & Whitney implemented an engineering change in mid-2017 that was intended to improve the durability of the knife edge seal for this engine. Engines that incorporated this engineering change entered revenue service on customer aircraft beginning in December 2017. In late January and early February of this year, four of these modified engines did not perform as anticipated.
Pratt & Whitney, in coordination with Airbus, will present to regulatory authorities this week a proposed mitigation plan for the modified configuration.
The current population of impacted engines is 43 engines installed on 32 aircraft, of which 21 aircraft have one engine with the modified configuration, and 11 aircraft have two engines with that configuration. There are also approximately 55 such engines delivered to the Airbus final assembly line awaiting installation on customer aircraft. Pratt & Whitney is working with Airbus to implement the remediation plans set forth in its all operator transmission. The company is also working to assess an overall industrial and delivery plan to minimize customer disruption. Pratt & Whitney will be in a position to provide greater detail around the remediation plan and impact, if any, on its 2018 delivery plan, once the regulatory authorities address its proposed solution.
Taking short appearance on the firm profit margin, it was recorded positive 7.60%, and operating margin was recorded 14.50%. The Financial Institutional ownership of the firm was 82.10% while by insiders was -2.70%.