Hot Tech Stocks in the Red –Ixia (XXIA), Vringo (VRNG), Mobile TeleSystems (MBT)
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Today’s focus is on: Ixia(NASDAQ:XXIA), Vringo, Inc.(NYSEAMEX:VRNG), Mobile TeleSystems OJSC (ADR)(NYSE:MBT)
Ixia (NASDAQ:XXIA) sank after filing a Form 12b-25 Notification of Late Filing with the Securities and Exchange Commission,suggesting that the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2012 could not be filed in time. The Form 12b-25 indicated the Company has agreed that correction of an error related to the manner in which it recognizes revenues for its warranty and software maintenance contracts is needed.
Can Investors Bet on XXIA after this News update? Find out in this Research Report
Therefore, more time is required to evaluate the impact of the correction on (i) its financial results for the year ended December 31, 2012 and for the prior reporting periods that will be included in the Form 10-K and (ii) its internal control over financial reporting.
Ixia(NASDAQ:XXIA) decreased -9.55% with the closing price of $18.37. The overall volume in the last trading session was 2.68 million shares. Its fifty two week range was $9.95-$22.50. The total market capitalization remained $1.36 billion.
The stock is ahead of its 52 week low 84.52% and its last month price volatility remained 4.07%. Its beta coefficient was 1.48 with a target price of $22.80. In its share capital, the company has 73.37 million outstanding shares while 43.29 million shares have been floated in the market.
It has insider ownership of 1.44% with institutional ownership at 65.52%. Earnings per share this year grew 68.46%, while the five year EPS growth rate was +40.81%.
Vringo, Inc.(NYSEAMEX:VRNG) was down after announcing that its wholly-owned subsidiary, I/P Engine, Inc., has filed a notice of appeal in its litigation against AOL, Inc., Google, Inc., IAC Search & Media, Inc., Gannett Company, Inc., and Target Corporation (collectively, “Defendants”).
How Should Investors Trade VRNG Now? Don’t Miss out on a Special Trend Analysis
Vringo, Inc. (NYSEAMEX:VRNG) slipped -13.33% and closed at $3.19 in the last trading session with the overall traded volume of 2.14 million shares, more versus the average volume of 2.00 million shares. Its 52 weeks high price was $5.73 and it suffered its lowest price of $1.75 in the same period.
VRNG has current ratio of 2.31. It has market cap of $256.25 million while its total outstanding shares are 82.45million.
Mobile TeleSystems OJSC (ADR)(NYSE:MBT) declined after Stockholm-based Tele2 disclosed that it has completed the sale of its Russian unit to VTB Group, a state-controlled lender, effectively ending the hopes of rival bidders of overturning the deal.
What Are MBT’s Charts Signaling for Traders? Find Out Here
Mobile TeleSystems OJSC (ADR)(NYSE:MBT) declined-3.17% with the closing price of $19.84. The overall volume in the last trading session was 3.26 million shares. Its fifty two week range was $15.62-$21.62. The total market capitalization remained $19.73 billion.
MBT is ahead of its 52 week low 27.02% and its last month price volatility remained 2.01%. Its beta coefficient was 1.52 with a target price of $23.31. In its share capital, the company has 994.46 million outstanding shares, while 984.51 million shares have been floated in the market. It has institutional ownership of 33.60%. EPS this year decreased -30.87%, while the five year EPS growth rate was -13.70%.
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