Ocean Power Technologies Inc (NASDAQ:OPTT) and Dr. George W. Taylor, Executive Vice Chairman and co-founder of the Company, have agreed on a transitional arrangement for Dr. Taylor effective March 18, 2014. Dr. Taylor will retire from the position of Executive Vice Chairman and as an employee of the Company and its subsidiaries, effective immediately. Ocean Power Technologies Inc (NASDAQ:OPTT) shares after opening at $4.23 moved to $4.43 on last trade day and at the end of the day closed at $3.78 . Company price to sales ratio in past twelve months was calculated as 18.06 and price to cash ratio as 2.41. Ocean Power Technologies Inc (NASDAQ:OPTT) showed a negative weekly performance of -14.86%.
Industrial goods manufacturer 3M Company (NYSE:MMM) recently projected that sales in China will triple in the next five years compared to the rest of the world, driven by a huge demand for health and consumer products such as face masks and water filters. China generated about 10% of the company’s total global revenues of $30.9 billion in 2013. Given the size and potential of the Chinese market, it makes sense to focus exclusively on this economic powerhouse. 3M Co (NYSE:MMM) shares fell -0.72% in last trading session and ended the day on $133.09. MMM return on equity ratio is recorded as 26.20% and its return on assets is 13.80%. 3M Co (NYSE:MMM) yearly performance is 28.35%.
Danaher Corporation (NYSE:DHR) announced that it will webcast its quarterly earnings conference call for the first quarter 2014 on Thursday, April 17, 2014 beginning at 8:00 a.m. EDT and lasting approximately 1 hour. Danaher Corporation (NYSE:DHR) shares moved down -1.30% in last trading session and was closed at $73.36 while trading in range of $73.36 – $75.01 – Danaher Corporation (NYSE:DHR) year to date (YTD) performance is -4.85%.
Caterpillar Inc. (NYSE:CAT) execs will stand in front of the U.S. Senate’s Permanent Subcommittee on Investigations, which is looking into America’s largest multinationals and how they file their taxes. Caterpillar Inc. (NYSE:CAT) weekly performance is 1.83%. On last trading day company shares ended up $97.80. Caterpillar Inc. (NYSE:CAT) distance from 50-day simple moving average (SMA50) is 3.39%. Analysts mean target price for the company is $100.57.
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