Shares of Ducommun Incorporated (NYSE:DCO) increased 2.94% and closed at $21.37 after opening 20.92 with the overall traded volume of 49,469.00 shares. The company’s Market capitalization reached to $245.65 million, $11.17 million outstanding shares. Its low price was $20.61 and highest price was $21.48. The Distance from 50 day Simple moving average was -4.04% and Distance from 200 day Simple moving average 19.65%.The EPS is -5.05.
Ducommun Incorporated (DCO) reported it has received a multimillion-dollar contract from UTC Aerospace Systems, a unit of United Technologies Corp. (UTX), to manufacture complex electronic assemblies for an upgrade to the braking system of a major commercial aircraft program. Production is taking place at Ducommun’s operations centers in Appleton, Wis., Huntsville, Ark., and Joplin, Mo. Ducommun signed a long-term supply agreement with United Technologies in 2015 which has paved the way for new opportunities to provide complex electronic and structural assemblies and systems across UTC’s aerospace business units.
“This new contract for the upgrade is a great example of how Ducommun is providing United Technologies with a broad range of capabilities in electronics manufacturing services and solutions. We have worked very closely with UTC to develop a very sophisticated electronics assembly that must work perfectly under all circumstances—including extreme operating environments,” said Anthony J. Reardon, chairman, president and chief executive officer. “With this and all future programs, our job remains to earn the confidence placed in us when UTC selected Ducommun as a long-term strategic supplier.”
Shares of Umpqua Holdings Corp (NASDAQ:UMPQ) increased 0.79% and closed at $15.24 after opening 15.27 with the overall traded volume of 871,178.00 shares. The company’s Market capitalization reached to $3.38 billion, $220.20 million outstanding shares. Its low price was $15.16 and highest price was $15.36. The Distance from 50 day Simple moving average was -1.38% and Distance from 200 day Simple moving average was 0.73%. The EPS is 1.01.
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (UMPQ), announced that it is expanding its commercial banking offerings with the addition of a new corporate banking division. The new division will provide growing companies with dedicated resources and a full range of corporate banking products including debt capital markets, international banking, treasury management and more. Umpqua has hired industry veteran and executive vice president Richard Cabrera to lead the division.
“Umpqua’s strong presence in key west coast markets provides us with a terrific opportunity to serve the region’s growing businesses,” said Tory Nixon, executive vice president and head of commercial banking. “These companies need access to sophisticated financial expertise, and Richard’s knowledge combined with Umpqua’s customer-centric approach will help them grow while accelerating the expansion of our corporate banking portfolio.”