UBS AG initiated coverage on shares of Rubicon Technology Inc (NASDAQ:RBCN) in a research report released on Tuesday morning,AmericanBankingNews.com reports. The firm issued a buy rating and a $11.00 price objective on the stock. Rubicon Technology, Inc. (NASDAQ:RBCN) net profit margin is -79.60% and weekly performance is 1.12%. On last trading day company shares ended up $7.20. Analysts mean target price for the company is $13.06. Rubicon Technology, Inc. (NASDAQ:RBCN) distance from 50-day simple moving average (SMA50) is -35.94%.
Luxoft Holding, Inc (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base, today announced results for the three months and the full financial year ended March 31, 2014. Revenue for the three months ended March 31, 2014 increased to $106.3 million, up 23.7% from $85.9 million for the same period a year ago, and decreased 3.9% sequentially. This reflects the normal seasonality of the business. Adjusted EBITDA was $16.2 million with corresponding margins of 15.2%, as compared to $15.6 million and 18.2%, respectively, in the year ago quarter, and $22.7 million and 20.5% sequentially. US GAAP net income was $10.4 million, or $0.32 per diluted share, compared to $10.8 million and $0.35 per diluted share for the same period a year ago, and $17.7 million and $0.54 sequentially. Non-GAAP net income was $11.8 million, or $0.36 per diluted share, compared to $12.4 million and $0.40 per diluted share for the same period a year ago, and $17.7 million and $0.54 sequentially. Luxoft Holding Inc (NYSE:LXFT) shares fell -6.71% in last trading session and ended the day on $27.24. Gross Margin is 42.60% and its return on assets is 27.80%. Luxoft Holding Inc (NYSE:LXFT) quarterly performance is -37.13%.
Lower income from Namibia and other international operations have caused Portugal Telecom SGPS (ADR) (NYSE:PT) to report poor first quarter (Q1) results. PT’s operating revenue fell US$38 million, or four per cent, year-on-year, while the company also saw earnings fall to US$384 million as of the end of March from US$398 million in Q1 of 2013. The company owns 34 per cent of Namibian-based Mobile Telecommunications Limited (MTC), one of the two major operators in the country, which has seen also seen a decline in revenues. Portugal Telecom, SGPS (ADR) (NYSE:PT) shares moved down -5.05% in last trading session and was closed at $3.76, while trading in range of $3.75 – $3.89. Portugal Telecom, SGPS (ADR) (NYSE:PT) year to date (YTD) performance is -12.96%.
Yingli Green Energy Holding Company Limited (ADR) (NYSE:YGE) the largest vertically integrated photovoltaic (“PV”) module manufacturer in the world, known as “Yingli Solar,” today announced that it will provide engineering, procurement and construction services to the Electricity Generating Authority of Thailand (EGAT) for a 5 MW solar power plant in Thailand as a member of a four-party Consortium (“Consortium”). The newly formed Consortium is composed of Yingli Energy (Beijing) Co., Ltd., the Company’s holding subsidiary; HYDROCHINA International Engineering Co., Ltd., a subsidiary of the Power Construction Corporation of China (POWERCHINA); Hebei Electric Power Design & Research Institute; and Thailand’s Wattanasuk Engineering Co., Ltd.Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) ended the last trading day at 2.88 Company weekly volatility is calculated as 5.63% and price to cash ratio as 2.96 . Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) showed a positive weekly performance of 1.77%.
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