Clinton Group, Inc. and its affiliates the owners of more than 7% of the outstanding common stock of The Wet Seal, Inc. (NASDAQ:WTSL) sent a letter to the Chief Executive Officer of Wet Seal last night commending the Company for its recent actions, including its financing, in which Clinton Group was not involved. The Wet Seal, Inc. (NASDAQ:WTSL) shares after opening at $1.71 moved to $1.73 on last trade day and at the end of the day closed at $1.55. Company price to sales ratio in past twelve months was calculated as 0.23 and price to cash ratio as 1.97. The Wet Seal, Inc. (NASDAQ:WTSL) showed a negative weekly performance of -13.89%.
Microwave networking provider Aviat Networks Inc. (NASDAQ:AVNW) said it completed an evaluation of its LTE interoperability by the Public Safety Communications Research (PSCR) program at the Commerce Department’s Boulder Laboratories in Boulder, Colo. Aviat Networks Inc. (NASDAQ:AVNW) shares advanced 0.57% in last trading session and ended the day on $1.75. AVNW return on equity ratio is recorded as -21.70% and its return on assets is -10.40%. Aviat Networks Inc. (NASDAQ:AVNW) yearly performance is -46.81%.
SandRidge Mississippian Trust I (NYSE:SDT) is a statutory trust. The Trust was created to acquire and hold the Royalty Interests for the benefit of Trust unitholders. SandRidge conveyed to the Trust the Royalty Interests in specified oil and natural gas properties in the Mississippian formation in Alfalfa, Garfield, Grant, Major and Woods counties in Oklahoma (the Underlying Properties). Sandridge Mississippian Trust I (NYSE:SDT) shares moved up 1.35% in last trading session and was closed at $7.52, while trading in range of $7.30 – $7.63. Sandridge Mississippian Trust I (NYSE:SDT) year to date (YTD) performance is -14.16%.
Covisint Corporation (NASDAQ:COVS), provider of the leading cloud engagement platform, announced that its Chief Security Officer, David Miller, will highlight the core challenges of advanced persistent threats (APTs) facing today’s businesses. Miller’s presentation, titled Using Cyber Intelligence to Find & Neutralize the Latest Threats in Time, will take place at the Cyber Security Management for Oil and Gas summit in Houston, Texas. Covisint Corp (NASDAQ:COVS) weekly performance is -1.97%. On last trading day company shares ended up $6.98. Covisint Corp (NASDAQ:COVS) distance from 50-day simple moving average (SMA50) is -32.02%. Analysts mean target price for the company is $10.25.
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