European stocks Overview: Endo International plc – Ordinary Shares (ENDP), FreeSeas Inc (FREE)

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Endo International plc – Ordinary Shares (NASDAQ:ENDP):

The company’s RSI reading has hit 24.12. The stock edged lower by -3.35% to close previous trading session at USD 28.84.

The shares of the company fluctuated in the range of USD 27.45 and USD 95.58 in the course of 52 weeks. Over the three months, the company’s shares have declined by -53.01% and in the past one year, it has lost -68.78%. Additionally, the stock’s year to date performance has declined -52.89%. Over the last five days its shares have declined by -31.46% and in the past six months it has moved down -64.79%.

Further, the stock is at a price to book ratio of 1.08. The stock’s weekly volatility is calculated as 15.47% and monthly volatility as 8.19% with ATR of 3.26, beta of 1.28 and price to cash ratio of 23.53.

Endo International plc – Ordinary Shares (NASDAQ:ENDP) on March 21, 2016 offered a statement and a Frequently Asked Questions (FAQs) document regarding the predictable approval by the U.S. Food and Drug Administration of a competitor’s generic version of Voltaren® Gel (diclofenac sodium topical gel) 1%.

Endo is evaluating a number of options regarding Voltaren® Gel focused on evolving its branded product strategy, determining the timing of a potential Authorized Generic product launch and maximizing overall value. The Company will provide additional detail regarding the potential financial impact of a generic entrant for Voltaren® Gel no later than its first quarter 2016 earnings presentation in early May 2016.

FreeSeas Inc (NASDAQ:FREE):

The stock decreased by -3.02% to close last trading session at USD 0.0193. The company’s shares oscillated in the range of USD 0.02 and USD 0.02 during intraday trade.

A total of 7.83 million shares exchanged hands, below its 3 month average volume of 13.72 million shares. Over the last five days its shares have declined by -25.52% and in the past six months it has moved down -99.89%.

Furthermore, the stock has weekly volatility of 18.41% and monthly volatility of 32.82% with ATR of 0.01. The stock’s RSI is 27.72 and distance from 50-day simple moving average is -86.74%, whereas its distance from 20-day simple moving average is -32.10% and distance from 200-day simple moving average is -99.95%.

FreeSeas Inc (NASDAQ:FREE) on March 8, 2016 declared recently that on March 2, 2016, the Company received notice from the Listing Qualifications Staff of The NASDAQ Stock Market LLC indicating that unless the Company timely requests a hearing before the Nasdaq Listing Qualifications Panel (the “Panel”), its securities would be subject to delisting from The Nasdaq Capital Market based upon its non-compliance with the minimum bid price requirement, as set forth in Nasdaq Listing Rule 5550(a)(2), and concerns raised by the Staff, following the Staff’s discretionary authority under Nasdaq Listing Rule 5101, regarding the Company’s ability to remedy the bid price deficiency in light of  dilution that may occur from financing transactions.

The Company intends to timely request a hearing before the Panel, at which hearing it will present its plan to regain and sustain compliance with the bid price requirement and otherwise address the Staff’s concerns in connection therewith. The Company’s request for a hearing will stay any delisting action and the Company’s common stock will continue to trade on The Nasdaq Capital Market at pending the issuance of the Panel’s decision following the hearing and the expiration of any extension granted by the Panel.