HomeEquities ScoreWhy did Blonder Tongue Laboratories Inc (BDR) stock plunge on Friday?

Why did Blonder Tongue Laboratories Inc (BDR) stock plunge on Friday?

Blonder Tongue Laboratories Inc. (BDR) shares plunged 8.11% in after-hours on Friday, October 08, 2021, and closed the recent trading at $1.02. Even in the regular trading session of Friday, BDR’s stock lost 3.45%. BDR shares have risen 5.12% over the last 12 months, and they have moved down 0.88% in the past week. Over the past three months, the stock has lost 21.13%, while over the past six months, it has shed 11.11%.

Let’s have a look at its recent news and developments.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


>> 7 Top Picks for the Post-Pandemic Economy << 

BDR new Aircaster AQT8 series of transmodulators

On September 1, 2021, Blonder Tongue Laboratories, Inc (BDR) unveiled the updated Aircaster AQT8 series of transmodulators, including the Aircaster AQT8-QAM/IP and Aircaster AQT8-IP.

Read More

The updated series of transmodulators provide a comprehensive and flexible toolset to create custom IP and QAM channel lineups from any ATSC 1.0 off-air or QAM content source.

BDR recent financial results

On August 12, 2021 /Blonder Tongue Laboratories, Inc. (BDR) announced its financial results for the second quarter and six months ended June 30, 2021.

BDR Q2 2021 financial highlights

  • BDR reported net sales of $4,338,000 in Q2 2021 compared to $3,831,000 in Q2 2020.
  • In Q2 2021, the gross profit was $1.6 million compared to the gross profit of $1.24 million in Q2 2020.
  • It earned a net income of $1,626,000 or $0.11 per diluted share in Q2 2021 compared to a net loss of $1,194,000 or $0.12 per diluted share in Q2 2020.

Six months financial highlights

  • BDR net sales were $7,589,000 in the first six months of 2021 compared to $7,881,000 in the first six months of 2020.
  • In the first six months of 2021, the gross profit was $2.9 million compared to 1.79 million in the first six months of 2020.
  • Net cash provided by operating activities was $126,000 for the first six months of 2021, compared to net cash used in operating activities of $2,029,000 for the comparable period of 2020.
  • It earned a net income of $1,212,000 or $0.08 per diluted share in the first six months of 2021, compared to a net loss of $3,274,000 or $0.34 per diluted share in the first six months of 2020.

    >> 7 Top Picks for the Post-Pandemic Economy << 

Conclusion

Well, as of this writing, there is no reason which could justify its poor performance on Friday. We hope that it will commence the new week with positive energy.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Videos

Must Read

Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam