Groupon (GRPN) Hires Two Fresh Board Members

Technology News|May 1, 2012 11:15 AM| By Larry Davidson

Groupon Inc. (NASDAQ:GRPN) announced Monday afternoon that it has appointed two new members to its board of directors, plus the audit committee of the board.

Daniel Henry, CFO of American Express, and quitting Deloitte vice chairman Robert Bass will step in the board of the daily deals company.

Henry substitutes Starbucks Chairman Howard Schultz, who has resigned from the board. Bass will stand for election at the firm’s yearly meeting to be held on June 19. He will substitute Kevin Efrusy, who will not stand for reelection.

Groupon Inc. (NASDAQ:GRPN) stock in last session held volume of 2.79 million shares as compared to its average volume of 2.67M million shares. The stock after opening at $11.97 hit high price of $11.99 and then closed at $10.71 by scoring 0.00%

As the revenue measures GRPN generated revenue of 1.61 billion in the following twelve months income of -$279.86 million. The Company showed a negative -18.49% in the net profit margin and in addition to in its operating margin which remained -14.49%. Company’s quarterly sales growth was +185.77%.

The stock showed weekly downbeat performance of -9.62%which was maintained for the month at -39.49%. Likewise the negative performance for the quarter was recorded as -45.44%, while the YTD performance remained at -48.09%.

The GRPN stock past twelve months price to sales ratio was 4.29 and price to cash ratio remained 6.15. As far as the returns are concern, the GRPN stock return on equity was recorded as -79.11% and decreased -75.64% returns on investment while its return on asset stayed at -27.62%.

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