The share price of Plug Power Inc. (NASDAQ:PLUG) rose after the bell yesterday as the company announced that it has bought fuel cell-stack maker, ReliOn Inc., for about $4 million in an all-stock deal. Plug Power Inc. (NASDAQ:PLUG) shares after opening at $7.70 moved to $7.87 on last trade day and at the end of the day closed at $7.63. Company price to sales ratio in past twelve months was calculated as 33.11 and price to cash ratio as 73.75. Plug Power Inc. (NASDAQ:PLUG) showed a positive weekly performance of 10.74%.
Just days after Microsoft Corporation (NASDAQ:MSFT) promoted games veteran Phil Spencer to the new position of Head of Xbox, the company has cut an unspecified number of positions. Microsoft confirmed the move in a statement, but didn’t say why the job cuts were necessary or what departments were hit. Microsoft Corporation (NASDAQ:MSFT) shares fell -0.82% in last trading session and ended the day on $41.01. MSFT return on equity ratio is recorded as 28.30% and its return on assets is 15.90%. Microsoft Corporation (NASDAQ:MSFT) yearly performance is 47.62%.
The Government of Nunavut yesterday joined Cisco Systems, Inc. (NASDAQ:CSCO) Canada for the official launch of Connected North. The Connected North program delivers immersive and interactive education and healthcare services to remote and northern Aboriginal and Inuit communities through high-definition two-way video communication and collaboration technology. The program represents a $1.6 million investment by Cisco in Canada’s North. Cisco Systems, Inc. (NASDAQ:CSCO) shares moved up 0.43% in last trading session and was closed at $23.09, while trading in range of $23.00 – $23.30. Cisco Systems, Inc. (NASDAQ:CSCO) year to date (YTD) performance is 4.62%.
Citigroup Inc. (NYSE:C) said on Thursday that Gene McQuade, a senior executive who had planned to retire, is instead remaining to lead the bank’s efforts to win permission from regulators to boost dividends and buy back stock. Citigroup Inc. (NYSE:C) weekly performance is 0.48%. On last trading day company shares ended up $47.68. Citigroup Inc. (NYSE:C) distance from 50-day simple moving average (SMA50) is -2.16%. Analysts mean target price for the company is $58.86.
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