The San Francisco based Diamond Foods, Inc (NASDAQ:DMND) stock tumbled over 7% on Monday after the snack maker reported that it was not report on its three most recent fiscal quarters by the Monday limit set by Nasdaq, and it anticipates the Nasdaq to start delisting its stock as a outcome.
Diamond Foods, whose brands comprise Emerald Nuts and Pop Secret popcorn, stated that financial reports covering its first, second and third quarters were payable on Monday. It’s also in the process of repeating its fiscal 2010 and 2011 financial results.
Diamond reported that it aims to appeal any action Nasdaq takes to begin delisting the corporation, and it aims to look for an extension of Nasdaq’s requirement that it hold its yearly meeting before the finish of July.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) fell -2.17% to settle at $14.40, Inventure Foods, Inc. (NASDAQ:SNAK) moved down -1.23% to end at $6.40 while Snyder S Lance Inc (NASDAQ:LNCE) plunged -1.20% to finish on Monday at $25.49.
Diamond Foods, Inc. (NASDAQ:DMND) last session volume of 1.87 million shares was surprisingly higher than its average volume of 646,962.00 shares. The stock after opening at $19.21 hit high price of $19.65 and then closed at $18.63 by scoring -7.59%.
DMND generated revenue of 965.92 million in the following twelve months and earned $49.30 million. The Company showed a negative 5.20% in the net profit margin and as well as in its operating margin which remained 9.63%. Company’s annual sales growth for the past five year was 15.15%.
The DMND past twelve months price to sales ratio was 0.43 and price to cash ratio remained 132.15. As far as the returns are concern, the DMND return on equity was recorded as 11.81% and dropped 4.65% return on investment while its return on asset stayed at 3.99%.
The stock showed weekly downbeat performance of -2.97% which was maintained for the month at -19.42%. Likewise the negative performance for the quarter was recorded as -24.05% and for the year was -73.17% while the YTD performance remained at -42.20%.
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