Trade-Ideas LLC identified Ubiquiti Networks Inc (NASDAQ:UBNT) as a “water-logged and getting wetter” (weak stocks crossing below support with range greater than 200%) candidate. Ubiquiti Networks Inc (NASDAQ:UBNT) shares after opening at $45.57 moved to $48.91 on last trade day and at the end of the day closed at $44.42. Company price to sales ratio in past twelve months was calculated as 8.62 and price to cash ratio as 12.76. Ubiquiti Networks Inc (NASDAQ:UBNT) showed a negative weekly performance of -18.84 %.
Rubicon Technology, Inc. (NASDAQ:RBCN) entered into an underwriting agreement (the “Underwriting Agreement”) with Canaccord Genuity Inc., as representative of the underwriters named therein (the “Underwriters”), and the selling stockholders listed on Schedule D thereto (the “Selling Stockholders”), relating to an underwritten public offering of 2,500,000 shares (the “Firm Shares”) of the Company’s common stock, par value $0.001 per share, by the Selling Stockholders at a price to the public of $13.00 per share. Rubicon Technology, Inc. (NASDAQ:RBCN) shares advanced 2.69% in last trading session and ended the day on $11.46. RBCN return on equity ratio is recorded as -14.30% and its return on assets is -13.80%. Rubicon Technology, Inc. (NASDAQ:RBCN) yearly performance is 73.64%.
Castlight Health Inc. (NYSE:CSLT), a cost-transparency tool for the health-care industry, boosted its price before its first day of trading to $16 about two weeks ago. The company’s stock more than doubled on its first day of trading, but then began a slide that saw the company close Friday at $21.56 per share. Castlight Health Inc (NYSE:CSLT) shares moved down -8.70% in last trading session and was closed at $21.42 while trading in range of $21.30 – $24.00 – Castlight Health Inc (NYSE:CSLT) year to date (YTD) performance is-46.18%.
GigOptix, Inc. (NYSE MKT:GIG) announced its participation in the PANTHER (Passive and Electro-optic Polymer Photonics and InP Electronic Integration for Multi-Flow Terabit Transceivers at Edge SDN Switches and Data-Center) research project, funded in part by the Seventh Framework Programme (FP7), Information and Communication Technologies (ICT) of the European Commission (EC). GigOptix Inc (NYSEMKT:GIG) weekly performance is -5.11%. On last trading day company shares ended up $1.67. GigOptix Inc (NYSEMKT:GIG) distance from 50-day simple moving average (SMA50) is 1.22%. Analysts mean target price for the company is $2.80.
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