Nokia Corporation (ADR) (NYSE:NOK), the Finnish telecom giant, has launched a venture fund worth USD 100 million for the purpose of investing in auto technology all over the world including India. The automobile market is growing very rapidly and holds huge potential for technological advancement for being smart and intelligent. Nokia Corporation (ADR)(NYSE:NOK) shares after opening at $7.29 moved to $7.35 on last trade day and at the end of the day closed at $7.27. Company price to sales ratio in past twelve months was calculated as 1.55 and price to cash ratio as 2.14. Nokia Corporation (ADR)(NYSE:NOK) showed a positive weekly performance of 3.41%.
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social discovery, announced it has completed integration of real-time components and photo-sharing in Chat, the most popular feature of the company’s flagship mobile app on both iOS and Android. MeetMe CEO Geoff Cook said, “Since we first launched ephemeral photos in mobile Chat on April 21, we have seen overall photo posting volume increase by 26%. Now approximately 100,000 ephemeral photos are being shared each day. In addition, we believe that launching real-time capability within Chat has driven increased engagement. In the last two weeks, chats sent per day in our mobile apps increased 31% vs. the Q1 average, and screen views in mobile Chat increased 23% vs. the Q1 average.” MeetMe Inc (NASDAQ:MEET) shares advanced 8.83% in last trading session and ended the day on $3.08. MEET return on equity ratio is recorded as -11.40% and its return on assets is -13.40%. MeetMe Inc (NASDAQ:MEET) yearly performance is 57.95%.
Canadian Solar Inc. (NASDAQ: CSIQ), one of the world’s largest solar power companies, announced that the National Bank of Canada will provide the Company with C$115.5 million, in short-term construction financing. The credit facility will be used to support the construction of three solar power projects in Ontario, Canada, totaling 30 MWac. Canadian Solar Inc. (NASDAQ:CSIQ) shares moved down -2.40% in last trading session and was closed at $26.88, while trading in range of $ 26.38 – 27.39. Canadian Solar Inc.(NASDAQ:CSIQ) year to date (YTD) performance is -9.86%.
Yingli Green Energy Hold Co. ltd (ADR) (NYSE:YGE) has been precariously paced financially on account of its dismal performance over the last two years. With increasing losses, the solar panel manufacturer had no choice but to approach the capital markets in order to raise some funds for its future development plans that could bail out the company. However, the Chinese authorities did not approve of the idea completely, but, suggested that the ailing company could receive funds from China’s State backed internal sources, if all else failed. This news was not very well received by Wall Street resulting in another sell-off, in the stock. Yingli Green Energy Hold. Co. Ltd. (ADR)(NYSE:YGE) weekly performance is -10.86%. On last trading day company shares ended up $3.12. Yingli Green Energy Hold. Co. Ltd. (ADR)(NYSE:YGE) distance from 50-day simple moving average (SMA50) is -36.16%. Analysts mean target price for the company is $5.88.
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