Zuoan Fashion Ltd (ADR)(NYSE:ZA), a leading design-driven fashion casual menswear company in China, estimates positive net growth in new stores, particularly in the second half of 2014. Zuoan Fashion Ltd (ADR)(NYSE:ZA) shares after opening at $1.85 moved to $2.10 on last trade day and at the end of the day closed at $2.05. Company price to sales ratio in past twelve months was calculated as 0.26 and price to cash ratio as 0.28. Zuoan Fashion Ltd (ADR)(NYSE:ZA) showed a positive weekly performance of 19.88%.
Telsey Advisory Group lowered their price objective on shares of ROI Acquisition Corp (NASDAQ:EVRY) from $10.00 to $6.00 in a research note issued on Wednesday, AnalystRatings.NET reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price suggests a potential upside of 40.52% from the stock’s previous close. ROI Acquisition Corp (NASDAQ:EVRY) shares advanced 0.74% in last trading session and ended the day on $2.72. EVERY return on equity ratio is recorded as 65.00% and its return on assets is -6.20%. ROI Acquisition Corp (NASDAQ:EVRY) yearly performance is -13.38%.
Nova LifeStyle, Inc. (NASDAQ: NVFY) announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct placement of 1,320,059 shares of common stock at a price of $6.78 per share. Nova Lifestyle Inc (NASDAQ:NVFY) shares moved up 8.56% in last trading session and was closed at $4.44, while trading in range of $ 4.07 – 4.50. Nova Lifestyle Inc (NASDAQ:NVFY) year to date (YTD) performance is -1.55%.
China Growth Equity Investment Limited is acquired by Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd. and China Dredging Group Co., Ltd. in a reverse merger transaction. China Growth Equity Investment Ltd. does not have significant operations. It intends to acquire, through a merger, share exchange, asset acquisition, plan of arrangement, recapitalization, reorganization, or similar business combination, an operating business, or control of an operating business through contractual arrangements, that has its principal business and/or material operations located in the People’s Republic of China. China Growth Equity Investment Ltd. (NASDAQ:PME) company shares ended up $3.07.
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