Shares of China’s NQ Mobile Inc (ADR) (NYSE:NQ) are sinking after the company reported lower than expected fourth quarter earnings per share and said that it had identified an accounting error. NQ Mobile provides mobile Internet services focused on security, privacy and productivity. WHAT’S NEW: NQ Mobile reported fourth quarter EPS of 22c, excluding certain items, compared with analysts’ consensus estimate of 32c. NQ Mobile Inc (ADR) (NYSE:NQ) weekly performance is -25.29%. On last trading day company shares ended up $12.70. NQ Mobile Inc (ADR) (NYSE:NQ) distance from 50-day simple moving average (SMA50) is -30.87%. Analysts mean target price for the company is $30.58.
AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP) entered into a definitive merger agreement to be acquired by an affiliate of Alibaba Group Holding Limited, a global e-commerce leader and the largest e-commerce company in China. Pursuant to the merger agreement, upon completion of the acquisition, the shareholders of the Company will receive US$5.25 in cash per ordinary share or US$21.00 in cash per American depositary. AutoNavi’s board of directors, acting on the unanimous recommendation of an independent committee of the Board, which was assisted by its independent financial advisor and legal counsel, approved the merger agreement and the transaction and recommends that the Company’s shareholders vote to authorize and approve the merger agreement and the transaction. Co received the offer from Alibaba on Feb 10 and formed an independent committee on Feb 26.AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP) shares after opening at $20.02 on last trade day and at the end of the day closed at $20.65. Company price to sales ratio in past twelve months was calculated as 9.29 and price to cash ratio as 2.80. AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP) showed a positive weekly performance of 1.72%.
TheStreet Ratings team rates Autodesk, Inc. (NASDAQ:ADSK) as a Buy with a ratings score of B. Autodesk, Inc. (NASDAQ:ADSK) shares fell -1.70% in last trading session and ended the day on $45.19. ADSK return on equity ratio is recorded as 10.70% and its return on assets is 5.30%. Autodesk, Inc. (NASDAQ:ADSK) yearly performance is 17.80%.
Portugal Telecom, SGPS (ADR) (NYSE:PT), has launched two separate but innovative marketing initiatives over the last two weeks. Players from PT sponsored clubs have been displaying different PT brands on their shirts, depending on their age, whilst the company is separately sponsoring a mixed five-a-side football competition in schools. Portugal Telecom, SGPS (ADR) (NYSE:PT) shares moved down -1.53% in last trading session and was closed at $4.52, while trading in range of $4.47 – $4.57. Portugal Telecom, SGPS (ADR) (NYSE:PT) year to date (YTD) performance is 4.63%.