- Update 9/9/15: Surfwear retailer Quiksilver Inc. put its U.S. business into bankruptcy Wednesday with a deal to hand control of the company to investment firm Oaktree Capital Management (OAK) in a $279 million debt-for-equity swap.
- Now trading at OTC http://stockcharts.com/h-sc/ui?s=ZQKSQ&p=D&yr=0&mn=4&dy=0&id=p72193533118
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Quiksilver Inc. (ZQK) reported third quarter adjusted EPS of $0.10 after the bell Thursday, which was flat with the prior year result. The consensus estimate was for EPS of $0.04.
Quiksilver gapped open sharply higher Friday and has continued to gain ground on the highest volume in 3 months. The stock has broken out to a month and a half high and has re-crossed both its 50 and 200-day moving averages.
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