AOL, Inc. (NYSE:AOL) reported on Wednesday that it has picked former hedge fund manager Karen Dykstra as its chief financial officer, filling a position vacant at the Internet corporation since June, when the former chief finance officer was promoted.
The company reported that Ms. Dykstra was ex- partner at Plainfield Asset Management LLC, a hedge fund where she held many leadership positions during 2006 to 2010, comprising COO and CFO of Plainfield Direct Inc.
In July, AOL announced its lowest rate of quarterly revenue plunge in 7 years and advertising sales moved up. Company’s stock finished at $34.60 and was unchanged during after-hours trading session.
Shifting reader’s focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Google Inc. (NASDAQ:GOOG) rose +1.28% to settle at $727.50, Yahoo! Inc. (NASDAQ:YHOO) moved down -0.28% to end at $15.86 while IAC/InterActiveCorp (NASDAQ:IACI) jumped +1.72% to finish at $52.69on Wednesday.
AOL, Inc. (NYSE:AOL) last session volume of 4.05 million shares was surprisingly higher than its average volume of 1.82 million shares. The stock after opening at $33.85 hit high price of $35.30 and then closed at $34.60 by scoring +2.49%.
The liquidity measure in recent quarter results of the company was recorded 3.95 as current ratio and on the other side the debt to equity ratio was 0.03 and long-term debt to equity ratio also remained at 0.02. The Company had total cash of $1.47 billion at hand and a book value per share as $33.52 in the most recent quarter.
The stock’s price volatility was 2.18 % for a week and 1.98% for a month as well as price volatility’s Average True Range for 14 days was 0.71.
AOL generated revenue of $2.17 billion in the previous twelve months and earned $1.01 billion. The Company showed a positive 46.65% in the net profit margin as well as in its operating margin which remained at 53.20%. Company’s annual sales growth for the past five year was -22.32%.
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