Shareholders of Brazilian phone company Oi SA (ADR) (NYSE:OIBR) have approved the latest steps in the merger with Portugal Telecom SGPS SA, paving the way for the firm to proceed raising fresh capital from the sale of shares. Oi SA (ADR) (NYSE:OIBR) shares after opening at $1.43 moved to $1.43 on last trade day and at the end of the day closed at $1.33. Company price to sales ratio in past twelve months was calculated as 0.16. Oi SA (ADR) (NYSE:OIBR) showed a positive weekly performance of -10.74%.
XG Technology Inc (NASDAQ:XGTI) shares gapped up almost 15 percent to $3.50 during trading Tuesday. The company witnessed a bigger volume of shares changing hands during the day on which intraday prices came between $3.03 and 3.82 low and high respectively. XG Technology Inc (NASDAQ:XGTI) shares fell -5.19% in last trading session and ended the day on $2.74. XG Technology Inc (NASDAQ:XGTI) yearly performance is 682.86%.
Elephant Talk Communications Corp (NYSEMKT:ETAK) saw its market capitalization gain by close to 19 percent on 26th March, after the firm announced its 4Q and full year 2013 operation results in addition to change of personnel in its board of directors. Elephant Talk Communications Corp (NYSEMKT:ETAK) shares moved down -7.02% in last trading session and was closed at $1.06 while trading in range of $1.06 – $1.18 – Elephant Talk Communications Corp (NYSEMKT:ETAK) year to date (YTD) performance is -13.82%.
Intermolecular, Inc (NASDAQ:IMI) accelerating research and development for semiconductor and clean energy industries–today announced that the development activity related to the Collaborative Development Program (“CDP”) agreement with SanDisk and Toshiba has reached its successful conclusion. Intermolecular Inc (NASDAQ:IMI) on last trading day company shares ended up $2.80. Intermolecular Inc (NASDAQ:IMI) distance from 50-day simple moving average (SMA50) is -19.95%. Analysts mean target price for the company is $9.00.
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