Penny Stocks Touched New Lows: ANADIGICS (NASDAQ:ANAD), Mitek Systems (NASDAQ:MITK), AVEO Pharmaceuticals (NASDAQ:AVEO), Novatel Wireless (NASDAQ:NVTL)

ANADIGICS, Inc. (NASDAQ:ANAD) a world leader in radio frequency (RF) solutions, announced that the Company’s AWL9293 and AWL9581 802.11ac front-end integrated circuits (FEICs) are enabling WiFi connectivity in the new GALAXY Tab Pro by Samsung Electronics. ANADIGICS, Inc. (NASDAQ:ANAD) shares after opening at $1.72 moved to $1.75 on last trade day and at the end of the day closed at $1.70. Company price to sales ratio in past twelve months was calculated as 1.08 and price to cash ratio as 5.97. ANADIGICS, Inc. (NASDAQ:ANAD) showed a negative weekly performance of -6.08%.

Many investors appear to be quite bearish on Mitek Systems, Inc. (NASDAQ:MITK), especially if you look at the percentage of the float that is sold short for this stock. Currently, 23.8% of the float is sold short, suggesting an extreme level of bearishness for MITK. Mitek Systems, Inc. (NASDAQ:MITK) shares advanced 4.88% in last trading session and ended the day on $3.87. MITK return on equity ratio is recorded as -34.40% and its return on assets is -26.00%. Mitek Systems, Inc. (NASDAQ:MITK) yearly performance is -15.50%.

AVEO Oncology (NASDAQ:AVEO) on 21 march announced that it has regained worldwide rights of candidate AV-203 from Biogen Idec (BIIB). AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) shares moved down -0.99% in last trading session and was closed at $1.50, while trading in range of $1.49 – $1.54. AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) year to date (YTD) performance is -18.03%.

Novatel Wireless (NASDAQ:NVTL) was upgraded by analysts at Thomson Reuters/Verus from a hold rating to a buy rating. Novatel Wireless Inc. (NASDAQ:NVTL) weekly performance is -6.38%. On last trading day company shares ended up $1.76. Novatel Wireless Inc. (NASDAQ:NVTL) distance from 50-day simple moving average (SMA50) is -27.85%. Analysts mean target price for the company is $2.36.

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