The SEC recently announced the settlement of charges against DGSE Companies Inc. (NYSEMKT:DGSE) and its former CFO for accounting fraud resulting primarily from his manipulation of the company’s accounting for inventory. DGSE disclosed in April 2011 that it had a material weakness in its internal control related to account reconciliations associated with inventory, depository accounts, and intercompany accounts as of December 31, 2010 and that it had restated its financial statements for the quarters ended June 30 and September 30, 2010 in order to adjust the amounts of customer deposits, accounts payable, and inventory. DGSE Companies, Inc. (NYSEMKT:DGSE) net profit margin is -2.40% and weekly performance is -4.48%. On last trading day company shares ended up $1.92. DGSE Companies, Inc. (NYSEMKT:DGSE) distance from 50-day simple moving average (SMA50) is -13.16%.
On May 16, Sophiris Bio Inc (NASDAQ:SPHS)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a report released on Wednesday, AmericanBankingNews.com reports. Sophiris Bio Inc (NASDAQ:SPHS) shares advanced 0.60% in last trading session and ended the day on $2.67. Its return on assets is -50.90%. Sophiris Bio Inc (NASDAQ:SPHS) quarterly performance is -31.29%.
On May 13, 2014, the Board of Directors of Image Sensing Systems, Inc. (NASDAQ:ISNS) appointed Melissa Fisher to the Company’s Board of Directors. Ms. Fisher, age 41, has served as Vice President, Corporate Development, Treasury and Investor Relations of Digital River, Inc., a publicly-held company, since 2013. Image Sensing Systems, Inc. (NASDAQ:ISNS) shares moved down -0.62% in last trading session and was closed at $4.00, while trading in range of $3.92 – $4.05. Image Sensing Systems, Inc. (NASDAQ:ISNS) year to date (YTD) performance is -19.19%.
On May 15, NetSol Technologies, Inc. (NASDAQ:NTWK) said it has reported financial results for its fiscal 2014 third quarter ended March 31, 2014. Total net revenues were USD9.4m, compared with USD12.6m last fiscal year, reflecting lower license sales during the transition to NetSol´s next-generation financing and leasing solution, NFS Ascent. NetSol Technologies Inc. (NASDAQ:NTWK) ended the last trading day at $3.80. Company weekly volatility is calculated as 4.00% and price to cash ratio as 3.00. NetSol Technologies Inc. (NASDAQ:NTWK) showed a negative weekly performance of -7.54%.
Volkswagen AG (ADR) (OTCMKTS:VLKAY) is considering tripling the namesake VW brand’s sport-utility vehicle lineup in a bid to overtake Toyota Motor Corp. in global deliveries, two people familiar with the matter said. Volkswagen AG (ADR) (OTCMKTS:VLKAY) On last trading day company shares ended up $51.83.