|Bid||0.0000 x 396000|
|Ask||1.2700 x 308300|
|Day's Range||1.2600 - 1.2700|
|52 Week Range||0.4400 - 1.2700|
|Beta (3Y Monthly)||-0.28|
|PE Ratio (TTM)||43.79|
|Earnings Date||Nov 6, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.35|
BALA CYNWYD, PA / ACCESSWIRE / September 6, 2019 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Castle Brands Inc. (“Castle Brands” ...
WILMINGTON, Del., Sept. 04, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Castle Brands Inc. (NYSE American: ROX) regarding possible breaches of.
NEW YORK , Aug. 30, 2019 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
[Editor's note: "The 7 Best Penny Stocks to Buy" was previously published in July 2019. It has since been updated to include the most relevant information available.]Penny stocks are often dangerous stocks to buy for individual investors. Generally described as stocks with a price under $5, the group usually consists of quite a few fallen angels and growth stocks that haven't reached, and may never reach, their potential.But there are good penny stocks to buy. During the financial crisis, several stocks hit penny stock status and then rebounded tremendously. Pier 1 Imports (NYSE:PIR) went from 13 cents to over $20 before a long decline the past few years. Dollar Thrifty Automotive bottomed at 60 cents, and sold itself in 2013 to Hertz (NYSE:HTZ) for $87.50 a share.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off Those penny stocks to buy are more difficult to find in a market near all-time highs, but they're still out there. Here are seven penny stocks to buy that could provide solid returns for investors going forward. Chesapeake Energy (CHK)I've had an on-again, off-again attraction to Chesapeake Energy (NYSE:CHK) over the past couple of years.Source: Shutterstock Chesapeake is still trying to recover from the oil and gas bust that left it with nearly $10 billion in debt and much lower revenues. Progress has been choppy, both for the business and the stock. CHK stock is now trading at $1.55, down 29% this year alone.Investors need to understand the risks here. The debt is a concern, particularly if oil and/or gas prices start falling again. Earnings reports have picked up recently, with CHK beating or meeting earnings consensus in the past eleven quarters.Further, a continuation of oil's move higher should disproportionately benefit CHK stock relative to a major like Exxon Mobil (NYSE:XOM). In short, CHK now looks like a classic penny stock with high risk and high reward, even if long-term shareholders certainly would prefer that it wasn't. Castle Brands (ROX)To be honest, I'm not completely sold on Castle Brands (NYSEAMERICAN:ROX) at its current price of $1.26.Source: Shutterstock And with ROX stock up just about even over the past year, it certainly seems like the market has determined the stock was trading at a fair value. That said, there's still some good news here, and it's still an interesting play on U.S. spirits.Castle's Gosling brand creates both dark rum and ginger beer, which make the increasingly popular "Dark 'N' Stormy" drink. The Jefferson bourbon brand continues to grow nicely, with Castle's whiskey portfolio (which includes smaller Irish offerings) growing revenue 20% in fiscal 2018. * 7 Tech Industry Dividend Stocks for Growth and Income Profits still are slim, but margins are increasing as revenue continues to grow. Management is well-incentivized to continue that growth. And the clear end game here is a sale to a larger spirits company like Diageo (NYSE:DEO) or Constellation Brands (NYSE:STZ, NYSE:STZ.B).If ROX stays on its current trend, it should be able to eventually jump-start a rally. Sportsman's Warehouse (SPWH)Sportsman's Warehouse (NASDAQ:SPWH) makes this list even though its current price of $4.08 is just below the $5 penny stock cutoff limit. But SPWH does look like a nice value here.Source: M01229 via FlickrSPWH briefly shook off the penny stock moniker when it topped out at $6.36 briefly in February before falling to its current levels. And yet, SPWH trades at just 7.5X next year's consensus EPS.There's a lot to like here, particularly for investors bullish on brick-and-mortar retailers. If those investors like low-handle stocks, all the better. Limelight Networks (LLNW)Limelight Networks (NASDAQ:LLNW) has executed a nice turnaround of late, and LLNW stock has responded in kind.Source: Shutterstock The internet content delivery provider is a small fish compared to industry leader Akamai Technologies (NASDAQ:AKAM), but it's making progress. Revenue is expected to rise 1% this year and 12% the next, with earnings growing at a long-term rate of 15%.LLNW stock looks rather expensive on a P/E basis, but margins are thin and EV/EBITDA multiples are favorable. With a recent surge to $2.46, a continuation of the recent trend should drive upside in the stock. * 10 Companies Using AI to Grow With Akamai rebounding amid easing of some industry-wide concerns -- notably customers like Netflix (NASDAQ:NFLX) and Facebook (NASDAQ:FB) choosing DIY options -- Limelight is positioned to keep double-digit revenue growth intact. That will boost margins and profits -- and likely get LLNW stock out of the penny stock category altogether. Plug Power (PLUG)Clean energy historically has been a graveyard for investor capital, and hydrogen vehicle developer Plug Power (NASDAQ:PLUG) hasn't been any different.Source: Shutterstock The stock trades well below peaks from last decade, and is down about 60% from early 2014 levels as well. This year alone, however, it's up more than 60%So PLUG stock's bull case is a classic "this time is different" argument, which is always tenuous. But there is some good news here.Plug Power has signed deals with Walmart (NYSE:WMT) in 2014 and with Amazon.com (NASDAQ:AMZN) in 2017. What's more, it joined forces with FedEx (NYSE:FDX) in May 2017.The company remains unprofitable, but cash burn is slowing, and the company is guiding for profits in the second half (albeit with a ton of adjustments; GAAP earnings remain a long way off). Revenue is growing quickly, with gross revenue growth of nearly 40% expected this year.PLUG has pivoted toward industrial applications, and there is some promise there. Investors in PLUG stock will have to be patient, have to tolerate volatility and have to accept risk. But if Plug Power finally can gain some traction, the current share price around $2.17 could move much higher. DHX Media (DHXM)DHX Media (NASDAQ:DHXM) has had an ugly one-year period as a stock, down 34%.Source: FlickrDebt continues to be a problem for DHX Media, with a debt-equity ratio of 115%! But at $1.22, with a market cap around $365 million, there is some reason for optimism.First, DHX added the Peanuts intellectual property to its portfolio in a deal with Iconix Brand Group (NASDAQ:ICON).That adds to the existing portfolio of Teletubbies, Inspector Gadget, Yo Gabba Gabba! and YouTube content provider WildBrain. DHX then sold 39% of Peanuts to Sony (NYSE:SNE), allowing it to reduce debt while bringing a high-quality partner on board. * 7 "Boring" Stocks With Exciting Prospects The company also undertook a strategic review, as DHX looked to further drive cost savings and reduce debt. And in a cord-cutting world where content may become increasingly valuable, the company should have some options.This is a high-risk play, as the long decline in its chart shows. ICON has dropped over 99% in the past five years due to too much debt and too weak a portfolio. But DHX should be able to avoid that fate . and potentially drive nice gains in DHXM stock. Denison Mines (DNN)I'm not a fan of mining stocks, as I've written in the past. But if investors want to take a stab at the sector, then small, developing miners traditionally offer the best chances for big gains. And Denison Mines (NYSEAMERICAN:DNN) fits that bill.Denison's properties are located in the Athabasca Basin, in northern Canada (Alberta and Saskatchewan). It's targeting uranium resources at its properties -- and uranium prices are starting to tick up.The closure of a mine by giant Cameco Corp (NYSE:CCJ) presents a near-term catalyst to those prices -- and the discounted fair value of Denison's mines.Obviously, there is a ton of risk here. Denison is unprofitable, and likely will need to raise more capital down the line. But DNN actually could provide what mining stocks are supposed to: leverage to the price of uranium.With fundamentals perhaps supporting some upside in the metal, DNN could follow.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post The 7 Best Penny Stocks to Buy appeared first on InvestorPlace.
NEW YORK, Aug. 29, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Castle Brands Inc. (“Castle Brands”.
NEW YORK , Aug. 29, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Castle Brands Inc. (NYSE: ROX) on behalf of Castle Brands shareholders ...
NEW YORK , Aug. 29, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Castle Brands Inc. ("Castle" ...
WILMINGTON, DE / ACCESSWIRE / August 29, 2019 / Rigrodsky & Long, P.A.: Do you own shares of Castle Brands Inc. (NYSE American: ROX )? Did you purchase any of your shares prior to August 28, 2019? Do you ...
Pernod Ricard announced Thursday it has signed an agreement to buy all outstanding shares of Castle Brands Inc (NYSE: ROX), the maker of Jefferson's bourbon whiskey, for $1.27 per share or $223 million in cash, plus the assumption of debt. Pernod Ricard has been under pressure from Elliott Management to narrow its profitability gap with bigger rival Diageo plc (NYSE: DEO) ever since the latter picked up a 2.5% stake in the beverage maker in December 2018.
NEW YORK, Aug. 28, 2019 -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Castle Brands Inc. (NYSE: ROX) to Pernod Ricard for $1.27.
ISIN Code: FR0000120693) and Castle Brands Inc. (NYSE American: ROX), today announced that they have entered into a definitive agreement under which Pernod Ricard, through a subsidiary, will acquire all of the outstanding common stock of Castle Brands for $1.27 per share in cash, or approximately $223 million, plus the assumption of debt, through a cash tender offer followed by a merger. Under the terms of the merger agreement, which has been unanimously approved by the Castle Brands Board of Directors, Castle Brands shareholders will receive $1.27 in cash for each outstanding share of Castle Brands common stock they own, representing a 92% premium to Castle Brands’ closing share price on August 27, 2019, and a 109% premium to the 30-day volume weighted average share price through such date.
Today we'll evaluate Castle Brands Inc. (NYSEMKT:ROX) to determine whether it could have potential as an investment...
Continued Growth of Jefferson's Bourbons and Goslings Stormy Ginger Beer and Substantial Expansion and Extension of Credit Facility NEW YORK , Aug. 9, 2019 /PRNewswire/ -- Castle Brands Inc. (NYSE American: ...
Castle Brands' (ROX) first-quarter fiscal 2020 results are likely to gain from solid performances of its brands that include Jefferson's, Goslings and Knappogue Irish whiskey.
Molson Coors (TAP) reports dismal top and bottom-line results in second-quarter 2019, thanks to soft volume, stemming from unfavorable weather and weak industry demand across the majority of its geographies.
Boston Beer (SAM) posts robust second-quarter 2019 results, courtesy of higher depletions and shipment volumes. The company also raises earnings view for the year.
Diageo (DEO) posts earnings and sales growth for fiscal 2019 on strength across all operations and solid organic operating profit growth. However, its sales view for fiscal 2020 disappoints.
AB InBev (BUD) beats on top and bottom-line estimates for second-quarter 2019 on robust trends in key markets and continued premiumization in the majority of the markets.
NEW YORK, July 18, 2019 /PRNewswire/ -- Castle Brands Inc. (NYSE American: ROX), a developer and international marketer of premium and super-premium drinks brands, today announced that its primary lender under its Revolving Credit Facility, had agreed to substantially increase and extend its $27 million credit facility.
Taking the occasional loss comes part and parcel with investing on the stock market. Unfortunately, shareholders of...