Hutchinson Technology Incorporated (NASDAQ:HTCH) announced that it is taking actions to further reduce costs and preserve cash. The company expects to reduce its U.S. workforce by approximately 100 positions by the end of July and estimates that its fiscal 2014 third quarter financial results will include approximately $1.3 million of severance charges related to this action. “As we’ve progressed through our consolidation effort, additional opportunities to improve our efficiencies and reduce our costs have been identified,” said Rick Penn, Hutchinson Technology’s president and chief executive officer. Hutchinson Technology Incorporated (NASDAQ:HTCH) net profit margin is -21.30% and weekly performance is -6.54%. On last trading day company shares ended up $2.00. Analysts mean target price for the company is $3.88. Hutchinson Technology Incorporated (NASDAQ:HTCH) distance from 50-day simple moving average is -20.80%.
Imation Corp. (NYSE:IMN) was downgraded by TheStreet from a “hold” rating to a “sell” rating in a research note issued on Wednesday.Imation Corp. (NYSE:IMN) shares fell -1.19% in last trading session and ended the day on $3.32. IMN Gross Margin is 22.10% and its return on assets is -6.40%. Imation Corp. (NYSE:IMN) quarterly performance is -48.77%.
Sigma Designs Inc (NASDAQ:SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for Smart TV, Smart home and IP-based set-top-boxes, announced that advanced networking supplier Tecom Co., Ltd. (“Tecom”), has selected Sigma Designs’ G.hn CG5200 family of chipsets for their HD3000 and HD3010 G.hn power line MIMO-based products. Sigma Designs Inc (NASDAQ:SIGM) shares moved down -2.65% in last trading session and was closed at $3.30, while trading in range of $3.30-$3.45. Sigma Designs Inc (NASDAQ:SIGM) year to date performance is -30.08%.
Streamline Health Solutions (NASDAQ:STRM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday. Streamline Health Solutions Inc. (NASDAQ:STRM) ended the last trading day at $4.63. Company weekly volatility is calculated as 9.65% and price to cash ratio as 18.72. Streamline Health Solutions Inc. (NASDAQ:STRM) showed a negative weekly performance of -7.40%.
Shares of Jive Software (NASDAQ:JIVE) have been given an average rating of “Buy” by the ten ratings firms that are covering the company. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. Jive Software Inc (NASDAQ:JIVE) net profit margin is -49.80% and weekly performance is -10.99%. On last trading day company shares ended up $7.29. Analysts mean target price for the company is $10.85. Jive Software Inc (NASDAQ:JIVE) distance from 50-day simple moving average is -7.41%.