NQ Mobile Inc (ADR) (NYSE:NQ) announced that it has entered into a definitive agreement to sell a minority interest in its wholly owned subsidiary, Beijing NationSky Network Technology, Inc. (“NationSky”). Specifically, NQ Mobile has signed a definitive agreement to sell 3.40% of NationSky for $18 million, at a pre-money valuation of $500 million or post-money valuation of $530 million, to Beijing Guorun Qilian Venture Capital Center (LP). NQ Mobile Inc (ADR) (NYSE:NQ) net profit margin is 4.40% and weekly performance is -17.33%. On last trading day company shares ended up $7.63. Analysts mean target price for the company is $33.00. NQ Mobile Inc (ADR) (NYSE:NQ) distance from 50-day simple moving average (SMA50) is -29.14%.
On 12 JUNE Arch Coal Inc (NYSE:ACI) announced that its signature community program has now been named amongst the best in the country, by Bulldog Reporter. It has earned the prestigious Silver 2014 Bulldog Corporate Social-Responsibility Award for, Best Campaign Supporting Education for its signature community program named the Teacher Achievement Awards. Arch Coal Inc (NYSE:ACI) shares fell -2.75% in last trading session and ended the day on $3.53. ACI Gross Margin is 10.40% and its return on assets is -7.50%. Arch Coal Inc (NYSE:ACI) quarterly performance is -18.85%.
Newcastle Investment Corp. (NYSE:NCT) announced that its Board of Directors has unanimously approved a plan to spin off its senior housing business. Newcastle intends to effect the spin-off by distributing shares of its subsidiary, New Senior Investment Group Inc. (“New Senior”, NYSE: SNR). New Senior will be a publicly traded real estate investment trust that primarily targets senior housing related investments. Newcastle Investment Corp. (NYSE:NCT) shares moved down -0.39% in last trading session and was closed at $5.05, while trading in range of $5.01 – $5.08. Newcastle Investment Corp. (NYSE:NCT) year to date (YTD) performance is 6.99%.
Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) reported ($0.27) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.32) by $0.05. The company had revenue of $11.80 million for the quarter, compared to the consensus estimate of $10.41 million. During the same quarter last year, the company posted ($0.36) earnings per share. Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA)’s revenue was up 81.5% compared to the same quarter last year. On average, analysts predict that Ariad Pharmaceuticals will post $-1.06 earnings per share for the current fiscal year. Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) ended the last trading day at $6.38. Company weekly volatility is calculated as 4.00% and price to cash ratio as 6.51. Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) showed a negative weekly performance of -6.45%.
On 11 JUNE Plug Power Inc (NASDAQ:PLUG) in a conference call hosted by the company’s Chief Executive Officer has affirmed that better times are still ahead in terms of growth, to be driven by GenFuel Growth. The company remains buoyed by a wide range of product mix that continues to make many customers happy. Plug Power Inc (NASDAQ:PLUG) bookings currently stand at $80 million against full year projection of $150 million. Improved booking continues to be attributed to customer acceptance of the company’s GenKey solution. Plug Power Inc (NASDAQ:PLUG) weekly performance is 2.39%. On last trading day company shares ended up $4.29. Analysts mean target price for the company is $4.88. Plug Power Inc (NASDAQ:PLUG) distance from 50-day simple moving average (SMA50) is -14.56%.
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