Technical Reports on Business Equipment Equities -- Pitney Bowes, VeriFone Systems, Avery Dennison, and Steelcase

NEW YORK, March 1, 2017 /PRNewswire/ --

Stock-Callers.com has on its watch the following equities in the Business Equipment industry: Pitney Bowes Inc. (NYSE: PBI), VeriFone Systems Inc. (NYSE: PAY), Avery Dennison Corp. (NYSE: AVY), and Steelcase Inc. (NYSE: SCS). These companies provide products for business use, including office furniture, printers, security systems, and lighting. Often structured as corporations, these companies offer average dividend yields. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

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Pitney Bowes

On Tuesday, shares in Stamford, Connecticut headquartered Pitney Bowes Inc. recorded a trading volume of 55.09 million shares, which was above their three months average volume of 3.51 million shares. The stock ended at $13.64, declining 2.50% from the last trading session. The Company's shares are trading below their 50-day moving average by 7.81%. Furthermore, shares of Pitney Bowes, which offers customer information management, location intelligence, and customer engagement technology products and solutions in the US and internationally, have a Relative Strength Index (RSI) of 44.57.

On February 28^th, 2017, Pitney Bowes announced two new clients for its emerging parcel sortation business in India. The Company stated that Gati Limited and Flipkart will be more efficiently managing parcel shipments with the Pitney Bowes TrueSort automated parcel sorting system and the Pitney Bowes OneSort automated data capture system. Visit us today and access our complete research report on PBI at:

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VeriFone Systems

San Jose, California headquartered VeriFone Systems Inc.'s stock finished yesterday's session 1.24% lower at $20.67. A total volume of 2.31 million shares was traded, which was higher than their three months average volume of 2.08 million shares. The Company's shares have gained 14.33% in the last one month, 16.45% over the previous three months, and 16.58% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 10.82% and 10.96%, respectively. Furthermore, shares of VeriFone Systems, which provides payments and commerce solutions at the point of sale worldwide, have an RSI of 74.71.

On February 01^st, 2017, Verifone announced that it will release its Q1 FY17 financial results after the market closes on March 09^th, 2017. Verifone management will host a webcast to review the financial results on the same day at 4:30 pm ET. The complimentary report on PAY can be downloaded at:

http://stock-callers.com/registration/?symbol=PAY

Avery Dennison

At the closing bell on Tuesday, shares in Glendale, California headquartered Avery Dennison Corp. rose 0.01%, ending the day at $80.71. The stock recorded a trading volume of 652,046 shares. The Company's shares have advanced 9.97% in the last one month, 13.78% over the previous three months, and 15.53% on an YTD basis. The stock is trading 8.34% and 9.01% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Avery Dennison, which produces and sells pressure-sensitive materials worldwide, have an RSI of 68.90.

On February 24^th, 2017, Avery Dennison announced that it has priced an underwritten public offering of €500,000,000 aggregate principal amount of 1.250% Senior Notes due 2025. The Senior Notes were priced at 99.917% of their principal amount. The offering is expected to close on March 03^rd, 2017, subject to customary closing conditions. Avery Dennison intends to use approximately €200 million of the net proceeds from the offering to repay commercial paper borrowings that it used to finance a portion of its acquisition of the European business of Mactac in August 2016, and the remainder for general corporate purposes, which may include the repayment of other indebtedness, including its 6.625% Guaranteed Notes due 2017, acquisitions, including the acquisitions of Hanita Coatings and Yongle Tape Company, capital expenditures, working capital and other corporate purposes. Register for free on Stock-Callers.com and access the latest research report on AVY at:

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Steelcase

Grand Rapids, Michigan headquartered Steelcase Inc.'s stock ended the day 2.74% lower at $16.00. A total volume of 729,910 shares was traded, which was above their three months average volume of 651,960 shares. The Company's shares are trading 7.09% above their 200-day moving average. Additionally, shares of Steelcase, which designs, manufactures, and distributes an integrated portfolio of furniture settings, user-centered technologies, and interior architectural products, have an RSI of 43.37.

On February 28^th, 2017, Steelcase announced that it plans to webcast a discussion of its Q4 and FY17 financial results on March 22^nd, 2017 at 8:30 a.m. ET. The news release detailing the financial results will be issued on March 21^st, 2017, after the market closes. Get free access to your research report on SCS at:

http://stock-callers.com/registration/?symbol=SCS

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