US Stocks: Rexahn Pharmaceuticals, Lifetime Brands Take Early Gains

Rexahn Pharmaceuticals (NYSE:RNN) and Lifetime Brands Inc (NASDAQ:LCUT) are taking the early lead in today’s trading, gaining 15 percent and 9 percent, respectively, at the opening bell.

Rexahn Pharmaceuticals, a clinical-stage biopharmaceutical company engaged in the discovery, development and commercialization of treatments for cancer, is trading at 0.527 a share after it received consensus recommendation of Buy by analysts. There was no market moving corporate disclosures in the first hour of trading.

Meanwhile, Lifetime Brands, which designs, sources and sells branded kitchenware, tableware and other products used in the home, was already gaining 9.52 percent as of this writing.

The gain comes as the company on Monday reported a 4.1 percent increase in revenue and a 33.6 percent increase in net income for the fourth quarter, boosted by acquisitions the company made in 2016.

The company’s net income for the quarter was $14.7 million, compared with $11 million during the year-earlier period. Adjusted net income was $15.2 million, compared with adjusted net income of $10.8 million in the previous year. РBusinessNewsAsia.com