Overbought Stock: Banro Corporation (NYSEMKT:BAA), Orthofix International NV (NASDAQ:OFIX), Vertex Energy (NASDAQ:VTNR), EMC Insurance (NASDAQ:EMCI)

Banro Corporation (NYSEMKT:BAA) announced that it plans on raising $40 million via issue of its convertible preferred-shares by way of the non-brokered private-placement. Banro Corporation (NYSEMKT:BAA) has received a non-binding-commitment from the Gramercy Funds Management LLC to subscribe for the full-amount of Private Placement, although there are certain other investors who might participate for upto $15 million of this Private Placement. Net proceeds of this Private Placement are slated to be used for various general corporate purposes, including for repayment of certain bank loans. On last trading day Banro Corporation (USA) (NYSEMKT:BAA) ended up 0.20% higher to close at $0.511 while trading in the range of $0.50 – $0.52. Its return on assets (ROA) is 0.80% while return on investment (ROI) is -0.70%. Banro Corporation (USA) (NYSEMKT:BAA) monthly performance is 2455.00%.

Orthofix International NV (NASDAQ:OFIX) Chief executive officer could not fail to point out that2013 was a transitional and challenging year for the company as it grappled with several headwinds behind the scene,while presenting fourth quarter and full year result for the period ending December 31, 2013. Orthofix International NV (NASDAQ:OFIX) in last trading activity ended up at $30.38 with day range of $26.58 – $30.55. Company weekly performance is 21.28% while its quarterly performance stands at 38.98%. Orthofix International NV (NASDAQ:OFIX) is -17.09% away from its 52 week high.

Wunderlich initiated coverage on shares of Vertex Energy (NASDAQ:VTNR) in a research report sent to investors on Wednesday morning, ARN reports. The firm issued a buy rating and a $8.00 price target on the stock. Vertex Energy Inc (NASDAQ:VTNR) belongs to Industrial Goods sector with market capitalization of 125.31 B and has 16.40% insider ownership. In last trading activity company’s stock closed at $ 5.90 while opening price was $6.00.

EMC Insurance Group (NASDAQ:EMCI) was downgraded by investment analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday,TheFlyOnTheWall.com reports. On Thursday shares of EMC Insurance Group Inc. (NASDAQ:EMCI) opened at $35.37 and closed at $35.61. This Year Company’s Earnings per Share (EPS) growth is 12.90% and next year’s estimated EPS growth is 10.00%. Analysts mean target price for EMC Insurance Group Inc. (NASDAQ:EMCI) is $ 33.50.