On May 5, 2014, management of Zoom Technologies, Inc. (NASDAQ;ZOOM), as authorized by the Audit Committee of the Board of Directors of the Company, concluded that the consolidated balance sheet and related consolidated statements of operations, comprehensive income/(loss), stockholders’ equity and cash flows included in its Annual Report on Form 10-K, filed on April 15, 2013 (the “2012 Financials”) will need to be restated as a result of the Company’s erroneous application of the consolidation method of accounting for its former 50.1% equity interest investment in Portables Unlimited, LLC (“Portables”). The previously filed financial statements listed above should no longer be relied upon. The Company has discussed with its independent registered accounting firm, Marcum Bernstein & Pinchuk LLP (“Marcum”), regarding this issue. Zoom Technologies Inc. (NASDAQ:ZOOM) net profit margin is -79.30% and weekly performance is -14.47%. On last trading day company shares ended up $2.66. Zoom Technologies Inc. (NASDAQ:ZOOM) distance from 50-day simple moving average (SMA50) is -29.74%.
NeoPhotonics Corp. (NASDAQ:NPTN) had its price target decreased by B. Riley from $11.75 to $9.00 in a research report sent to investors on Tuesday morning. NeoPhotonics Corp (NYSE:NPTN) shares fell -5.94% in last trading session and ended the day on $3.96. NPTN gross Margin is 21.90% and its return on assets is -14.50%.NeoPhotonics Corp (NYSE:NPTN) quarterly performance is -45.23%.
Gilat Satellite Networks Ltd. (NASDAQ:GILT) led the longest streak of gains for Israeli stocks traded in New York in a month amid renewed demand for shares of technology companies and emerging-market assets. Gilat Satellite Networks Ltd. (NASDAQ:GILT) shares moved down -5.57% in last trading session and was closed at $4.58, while trading in range of $4.58 – $4.83. Gilat Satellite Networks Ltd. (NASDAQ:GILT) year to date (YTD) performance is -2.14%.
Intermolecular, Inc. (NASDAQ:IMI) saw a big move last session, as the company’s shares fell more than 10.0% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for IMI, as the stock is now up more than 24% since May 12, 2014. Intermolecular Inc. (NASDAQ:IMI) ended the last trading day at $2.65. Company weekly volatility is calculated as 13.25% and price to cash ratio as 1.74.Intermolecular Inc. (NASDAQ:IMI) showed a positive weekly performance of 23.26%.
China TechFaith Wireless Communication Technology Ltd (NASDAQ:CNTF) generated revenues of USD 26.2 million in the first quarter of the year, compared to USD 28.2 million in the first quarter of 2013, the firm said in a release. China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) net profit margin is -2.90% and weekly performance is -18.79%. On last trading day company shares ended up $1.34. Analysts mean target price for the company is $0.35. China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) distance from 50-day simple moving average (SMA50) is -26.01%.