Internet Information Providers Most Voaltile: Weibo Corp (NASDAQ:WB), LiveDeal Inc (NASDAQ:LIVE), Borderfree Inc (NASDAQ:BRDR), Chinanet Online Holdings (NASDAQ:CNET)

Posted by on Apr 24, 2014

Weibo Corp (ADR) (NASDAQ:WB) had initially priced its offering at between $17 and $19 a share. The range was later revised after concerns were raised on the slow growth of the company’s user base. Media freedom restrictions in China continue to greatly affect the heights that the company can climb in the market. Weibo Corp (ADR) (NASDAQ:WB) shares after opening at $23.30 moved to $23.35 on last trade day and at the end of the day closed at $21.41. Company price to sales ratio in past twelve months was calculated as 23.57.

LiveDeal Inc (NASDAQ:LIVE) a publicly traded company that operates livedeal.com , a geo-location based mobile marketing platform that enables restaurants to publish “real-time” and “instant offers” to nearby consumers, announced that Apple has approved the Company’s mobile restaurant deal engine App for distribution at Apple’s App Store. LiveDeal Inc (NASDAQ:LIVE) shares advanced 4.58% in last trading session and ended the day on $5.02. LIVE return on equity ratio is recorded as -205.00% and its return on assets is -159.00%. LiveDeal Inc (NASDAQ:LIVE) yearly performance is 378.10%.

Zacks assumed coverage on shares of Borderfree (NASDAQ:BRDR) in a research note issued on Wednesday,AnalystRatings.NET reports. The firm set a “hold” rating on the stock. Borderfree Inc (NASDAQ:BRDR) shares moved down -6.31% in last trading session and was closed at $14.99, while trading in range of $14.65-$16.02. Borderfree Inc (NASDAQ:BRDR) year to date performance is -25.05%.

ChinaNet Online Holdings, Inc. (Nasdaq:CNET) announced that on April 16, 2014, it received a letter from the Listing Qualifications Department of the NASDAQ Stock Market LLC (“NASDAQ”) advising the Company that, due to its inability to file with the Securities and Exchange Commission its annual report on Form 10-K for the fiscal year ended December 31, 2013 on a timely basis, the Company no longer complies with NASDAQ Listing Rule 5250(c)(1) for continued listing, and that the Company has 60 calendar days (or until June 16, 2014) to submit a plan explaining how it expects to regain compliance. If NASDAQ approves the Company’s plan, it can grant the Company an extension of up to 180 calendar days from the due date of the Form 10-K (or until October 13, 2014) to regain compliance. Chinanet Online Holdings Inc (NASDAQ:CNET) weekly performance is -19.55%. On last trading day company shares ended up $1.07. Chinanet Online Holdings Inc (NASDAQ:CNET) distance from 50-day simple moving average is -29.57%. Analysts mean target price for the company is $2.50.

Weibo had initially priced its offering at between $17 and $19 a share. The range was later revised after concerns were raised on the slow growth of the company’s user base. Media freedom restrictions in China continue to greatly affect the heights that the company can climb in the market. Weibo Corp (ADR) (NASDAQ:WB) shares after opening at $23.30 moved to $23.35 on last trade day and at the end of the day closed at $21.41. Company price to sales ratio in past twelve months was calculated as 23.57.

LiveDeal Inc (NASDAQ:LIVE) a publicly traded company that operates livedeal.com , a geo-location based mobile marketing platform that enables restaurants to publish “real-time” and “instant offers” to nearby consumers, today announced that Apple has approved the Company’s mobile restaurant deal engine App for distribution at Apple’s App Store. LiveDeal Inc (NASDAQ:LIVE) shares advanced 4.58% in last trading session and ended the day on $5.02. LIVE return on equity ratio is recorded as -205.00% and its return on assets is -159.00%. LiveDeal Inc (NASDAQ:LIVE) yearly performance is 378.10%.

Zacks assumed coverage on shares of Borderfree (NASDAQ:BRDR) in a research note issued on Wednesday,AnalystRatings.NET reports. The firm set a “hold” rating on the stock. Borderfree Inc (NASDAQ:BRDR) shares moved down -6.31% in last trading session and was closed at $14.99, while trading in range of $14.65-$16.02. Borderfree Inc (NASDAQ:BRDR) year to date performance is -25.05%.

ChinaNet Online Holdings, Inc. (Nasdaq: CNET) announced that on April 16, 2014, it received a letter from the Listing Qualifications Department of the NASDAQ Stock Market LLC (“NASDAQ”) advising the Company that, due to its inability to file with the Securities and Exchange Commission its annual report on Form 10-K for the fiscal year ended December 31, 2013 on a timely basis, the Company no longer complies with NASDAQ Listing Rule 5250(c)(1) for continued listing, and that the Company has 60 calendar days (or until June 16, 2014) to submit a plan explaining how it expects to regain compliance. If NASDAQ approves the Company’s plan, it can grant the Company an extension of up to 180 calendar days from the due date of the Form 10-K (or until October 13, 2014) to regain compliance. Chinanet Online Holdings Inc (NASDAQ:CNET) weekly performance is -19.55%. On last trading day company shares ended up $1.07. Chinanet Online Holdings Inc (NASDAQ:CNET) distance from 50-day simple moving average is -29.57%. Analysts mean target price for the company is $2.50.

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