Long Island stocks on move
Trader Jason Weisberg works in his booth on the floor of the New York Stock Exchange Thursday, March 10, 2011. Credit: AP
Lifetime Brands
(LCUT)
Garden City
$12.86 (week's change: +9.6%)
52-week return: +21.2%
The kitchenware seller, citing an increase in sales and profit, said it would resume paying a quarterly dividend. Lifetime suspended its dividend in 2009 in the depths of the recession.
Orbit International
(ORBT)
Hauppauge
$3.18 (week's change: -18.5%)
52-week return: -13.8%
Shares had their worst week since November 2008 after the defense contractor said a fourth-quarter loss meant it was not in compliance with a financial covenant with a lender.
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