India Globalization Capital, Inc. (NYSEMKT:IGC) announced that it has received commitments from investors to purchase 506,250 of its Common Stock in a registered direct offering. 750,000 shares of newly issued common stock weresold at a price of 0.675 per share. After fees and expenses, thenet proceeds to IGC are approximately 452,000. The net proceeds from the offering will be used for working capital. India Globalization Capital, Inc. (NYSEMKT:IGC) shares after opening at $0.78 moved to $0.78 on last trade day and at the end of the day closed at $0.700 . Company price to sales ratio in past twelve months was calculated as 1.46 and price to cash ratio as 13.89. India Globalization Capital, Inc. (NYSEMKT:IGC) showed a positive weekly performance of 2.94%.
American DG Energy Inc. (NYSEMKT:ADGE) urged a New Jersey federal judge to rule a former worker was an independent contractor, not an employee, and therefore lacks standing to claim he was improperly fired for calling attention to the alleged double-billing of customers. American DG Energy Inc (NYSEMKT:ADGE) shares advanced 5.56% in last trading session and ended the day on $2.47 . ADGE return on equity ratio is recorded as -44.20% and its return on assets is -14.00%. American DG Energy Inc (NYSEMKT:ADGE) yearly performance is 51.53%.
IntriCon Corporation (NASDAQ:IIN) continues to surge in the market after posting better than expected results for its first quarter. This was the third consecutive quarter when the company has recorded a sequential growth in sales. IntriCon’s growth profit margins and profitability levels from continuing operations continued to improve. IntriCon Corporation (NASDAQ:IIN) shares moved up 1.95% in last trading session and was closed at $6.78 while trading in range of $6.43 – $6.80 – IntriCon Corporation (NASDAQ:IIN) year to date (YTD) performance is 76.10%.
Breeze-Eastern Corporation (NYSEMKT:BZC) announced its third quarter fiscal 2014 financial results for the period ended December 31, 2013. Breeze-Eastern Corp (NYSEMKT:BZC) weekly performance is -2.34%. On last trading day company shares ended up $9.60. Breeze-Eastern Corp (NYSEMKT:BZC) distance from 50-day simple moving average (SMA50) is -1.73%.