The Hain Celestial Group, Inc. | $HAIN Stock | Shares Crash Down On Announcement Of Delay Of Fourth Quarter Financial Results


The Hain Celestial Group, Inc. (NASDAQ: HAIN)



The Hain Celestial Group, Inc. (HAIN), a leading global organic and natural products company yesterday announced that they will be delaying the release of its fourth quarter 2016 financial results.


The Hain Celestial Group, Inc. Company Comments

“During the fourth quarter, the Company identified concessions that were granted to certain distributors in the United States. The Company is currently evaluating whether the revenue associated with those concessions was accounted for in the correct period and is also currently evaluating its internal control over financial reporting. The Audit Committee of the Company’s Board of Directors is conducting an independent review of these matters and has retained independent counsel to assist in that review.”  PR Newswire


HAIN Technical Analysis

HAIN Chart

HAIN opened trading yesterday at $55.62 which was up from the previous days trading of $55.35. HAIN closed trading yesterday at $53.40 and crashed down after market to $40.89, equivalent to a 23% decrease from the closing price. Taking a look at the daily chart we can see the last time RUN traded below these levels was on March 28th when it traded at $40.29. Taking a closer look at the daily chart we can see that before the spike down HAIN had been in a upward trend dating back to January 25th when it traded at $33.46. HAIN has a float of 100.95 million shares and traded 1.85 times the normal daily trading volume on Monday. For trading purposes, I would like to see HAIN open trading on Tuesday below $45.00 and if it does I would be looking to take a short position at the bell. My stop loss would be $0.50 from my entry position fearing anything more than that and the stock would start to fill in the gap down.


Company Profile

The Hain Celestial Group, Inc. manufactures, markets, distributes, and sells organic and natural products in the United States, the United Kingdom, Canada, and Europe. Its grocery products include infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, granola bars, and cereal bars; canned, chilled fresh, aseptic, and instant soups; Greek-style yogurt; chilies and packaged grains; and chocolates and nut butters, as well as plant-based beverages and frozen desserts, such as soy, rice, almond, and coconut. The company’s grocery products also comprise juices, hot-eating, chilled and frozen desserts, cookies, crackers, gluten-free frozen entrees and bars, frozen pastas and ethnic meals, frozen fruits and vegetables, cut fresh fruits, refrigerated and frozen soy protein meat-alternative products, tofu, seitan and tempeh products, jams, fruit spreads and jelly, honey, marmalade, and other food products. In addition, it provides snack products, such as potato, root vegetable, and other vegetable chips, as well as straws, tortilla chips, whole grain chips, pita chips, puffs, and popcorn; specialty teas, including herbal, green, black, wellness, rooibos, and chai tea lattes; ready-to-drink beverages comprising organic kombucha and chai tea lattes; personal care products consisting of skin, hair and oral care, deodorants, baby care items, acne treatment, body washes, and sunscreens; and poultry and protein products, such as turkey and chicken products. The company sells its products through specialty and natural food distributors, supermarkets, natural food stores, mass-market and e-commerce retailers, food service channels and club, and drug and convenience stores in approximately 70 countries worldwide. The Hain Celestial Group, Inc. was founded in 1993 and is headquartered in Lake Success, New York.  Yahoo Finance