Analysts at Barclays reduced their target price on shares of NII Holdings (NASDAQ:NIHD) from $2.50 to $0.50 in a research report issued to clients and investors on Friday, American Banking and Market News reports. The firm currently has an “underweight” rating on the stock. Barclays’ price objective points to a potential downside of 52.38% from the stock’s previous close. NII Holdings Inc. (NASDAQ:NIHD) shares after opening at $1.06 moved to $1.07 on last trade day and at the end of the day closed at $0.980. Company price to sales ratio in past twelve months was calculated as 0.04 and price to cash ratio as 0.07. NII Holdings Inc. (NASDAQ:NIHD) showed a negative weekly performance of -14.04%.
XG Technology Inc. (NASDAQ:XGTI) published the pricing of the underwritten public offering of its 5,265,000 shares. The company has set the price of the offering at $1.90 per share as it expects the offering to fetch proceeds of nearly $10,000,000, excluding the underwriter’s commission, discounts and other expenses. XG Technology Inc. (NASDAQ:XGTI) shares fell -14.29% in last trading session and ended the day on $1.86. XG Technology Inc. (NASDAQ:XGTI) yearly performance is 675.00%.
Communication network solution provider, ADTRAN Inc. (NASDAQ:ADTN), reported mixed first-quarter 2014 financial results. While net income surpassed the Zacks Consensus Estimate, total revenue fell below the same. ADTRAN, Inc. (NASDAQ:ADTN) shares moved down -8.96% in last trading session and was closed at $22.46, while trading in range of $22.28 – $25.03. ADTRAN, Inc. (NASDAQ:ADTN) year to date (YTD) performance is -16.54%.
On March 31, 2014, ChinaNet Online Holdings, Inc. (NASDAQ:CNET) filed a Form 12b-25, Notification of Late Filing, with the Securities and Exchange Commission (the “SEC”) with regard to its Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (the “2013 Form 10-K”), indicating that the Company would not be able to file the 2013 Form 10-K within the prescribed time period, and that the 2013 Form 10-K would be filed on or before the fifteenth calendar day following the prescribed due date. Chinanet Online Holdings Inc. (NASDAQ:CNET) weekly performance is -24.10%. On last trading day company shares ended up $1.26. Chinanet Online Holdings Inc. (NASDAQ:CNET) distance from 50-day simple moving average (SMA50) is -15.04%. Analysts mean target price for the company is $2.50.
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