Quiksilver, Inc (NYSE:ZQK), Huntington Beach, California based maker of clothing for skateboarders and surfers, moved up to the record high in around 6 months after avoiding a wipeout in its European sales.
Shares of the Quiksilver climbed 11% to settle at 1:15 PM in New York trading at $2.70, after moving up almost 13%. The company marked the major one day gain since Dec 16.
Quiksilver earlier announced a loss of 2 cents per share in the second-quarter on revenue of $492.2 million. Analysts had forecasted a 1 cent profit on $495.9 million of sales.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Iconix Brand Group, Inc. (NASDAQ:ICON) increased +4.08% to settle at $16.83, NIKE, Inc. (NYSE:NKE) moved up +1.19% to end at $108.64 while Joe’s Jeans Inc. (NASDAQ:JOEZ) plunged -1.01% to finish on Friday at $0.97.
Quiksilver, Inc. (NYSE:ZQK) on June 08, 2012 increased +12.30% to the closing price of $2.74. The overall volume in the last trading session was 2.39 million shares. Its fifty two week range was $2.33-$5.58. The total market capitalization remained $453.34 million.
ZQK is ahead its 52 week low with +17.60% and lagging behind from its 52 week high price with -50.90%. ZQK last month stock price volatility remained 5.89%. In its share capital ZQK has 165.45 million outstanding shares among them 147.49 million shares have been floated in market exchange. ZQK stock institutional ownership remained 78.73% while insider ownership included 5.09%.
The stock price of ZQK is moving down from its 20 days moving average with -0.44% and remote negatively from 50 days moving average with -16.14%. ZQK current year earnings per share experienced a decline with -53.82% while its current quarter performance remained -35.68%. Company’s beta coefficient included 2.57. Beta factors measures the amount of market risk associated with market trade.
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