Alliance Fiber Optic Products, Inc. (NASDAQ:AFOP) an innovative supplier of fiber optic components, subsystems, and integrated modules for the optical network equipment market, announced that Mr. Peter Chang, President and CEO, will present at the B. Riley & Co. 15th Annual Investor Conference on Tuesday, May 20, 2014. The conference is being held at the Loews Santa Monica Beach Hotel in Santa Monica, California. AFOP’s presentation is scheduled to begin at 1:30 p.m. PT. Alliance Fiber Optic Products Inc (NASDAQ:AFOP) net profit margin is 24.80% and weekly performance is 0.97%. On last trading day company shares ended up $18.65. Analysts mean target price for the company is $22.50. Alliance Fiber Optic Products Inc (NASDAQ:AFOP) distance from 50-day simple moving average (SMA50) is 16.39%.
On May 5, MicroVision, Inc. (NASDAQ:MVIS) a leader in innovative ultra-miniature projection display technology, announced its operating and financial results for the first quarter of 2014 and the advancement of its 2014 business objectives. During the first quarter, MicroVision raised $12.8 million net of issuance costs in an offering of common stock and warrants for general corporate purposes. MicroVision has continued its aggressive management of cash used in operations with a reduction in the quarter of 16 percent compared to the same period in 2013. Microvision, Inc. (NASDAQ:MVIS) shares advanced 1.23% in last trading session and ended the day on $1.65. Gross Margin is 72.90% and its return on assets is -133.00%. Microvision, Inc. (NASDAQ:MVIS) quarterly performance is 33.06%.
Shenzhen BAK Battery Co., Ltd. (NASDAQ:CBAK) a wholly-owned subsidiary of China BAK Battery, Inc. (Nasdaq:CBAK) entered into two loan agreements (the “Loan Agreements”) with Mr. Jinghui Wang, pursuant to which, Shenzhen BAK borrowed from Mr. Wang an aggregate of RMB520 million (approximately $85.9 million) (the “Loans”). Pursuant to the Loan Agreements, Shenzhen BAK has the obligations to repay the principal amount of RMB520 million and any accrued interest to Mr. Wang by March 31, 2014. China BAK Battery Inc. (NASDAQ:CBAK) shares moved down -1.45% in last trading session and was closed at $2.71, while trading in range of $2.67 – $2.90. China BAK Battery Inc. (NASDAQ:CBAK) year to date (YTD) performance is 22.07%.
Appointment of Grant H. Beard to the Board of Directors, The Board of Directors of Advanced Energy Industries, Inc. (NASDAQ:AEIS) appointed Grant H. Beard as a director effective immediately and increased the size of the Board to seven members. As with all Directors, Mr. Beard is subject to annual election at the next annual meeting of shareholders scheduled to be held in May 2015. Advanced Energy Industries, Inc. (NASDAQ:AEIS) ended the last trading day at $18.26. Company weekly volatility is calculated as 4.12% and price to cash ratio as 6.11. Advanced Energy Industries, Inc. (NASDAQ:AEIS) showed a positive weekly performance of 8.24%.