Investigation on violation of federal security laws – XIDE, LYG, SID

Northern, WI 04/09/2013 (usastockreport) – Exide Technologies (NASDAQ:XIDE) is currently down 7.01% to $1.46 per share. The stock previously closed at $1.57 and opened this morning at $1.52. The 52 week range is $1.16- $3.77 with a market capitalization of $117.02 million and 1,335,744 shares outstanding. The earnings per share is -1.79 and the beta is 2.49. Exide Technologies manufactures lead-acid batteries for transportation and industrial appliances. On Friday it was announced that Exide Technologies is being investigated on whether the company’s executives have been violating federal security laws. In addition to this bad news, in late March the company was found to be exposing their employees to cancerous levels of arsenic. Since this news the stock took a drastic turn for the worse, decreasing by over a dollar per share.

Lloyds Banking Group (NYSE:LYG) provides financial services for personal, commercial and corporate customers. Lloyds Banking Group stock is down by 1.72% with the stock trading at $2.86 per share. The stock opened this morning at $2.83 and previously closed at $2.91. The 52 week range is $1.52 – $3.59 with an average volume of 2,229,600. The market capitalization is $52.09 billion with 1,115,495 shares outstanding. The EPS is -.13 and the beta of the stock is 1.84. Since the beginning of February this year Lloyd Banking Group stock has steadily decreased due to the Cyprus scare which affected the entire banking industry.

Companhia Siderugica Nacional (NYSE:SID) is a steel producer in Asia, Latin and North America as well as Europe. The stock closed at $4.33 which is down 1.81%. The stock previously closed at $4.41 and opened at $4.33 this morning. The 52 week range has been $4.20- $9.37 with a market capitalization of $6.2 billion and 1,289,132 shares outstanding. The earnings per share is -.14 and the beta of the stock is 1.73. On Thursday reports were released stating that the company had been accused of deliberately hiding hazardous waste from their mill in a neighborhood. There could be potentially 791 homes and 2,000 people potentially exposed to different hazardous elements. The fines faced by the company could be up to 24 million dollars.

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