On April 3, 2014, the Compensation Committee of the InfoSonics Corporation (NASDAQ:IFON) authorized and approved an employment agreement between the Company and Mr. Vernon A. LoForti, the Company’s Chief Financial Officer. The Company previously entered in an agreement with Mr. LoForti that expired on March 1, 2014. The replacement Agreement become effective on April 9, 2014 and will expire on April 8, 2016. InfoSonics Corporation (NASDAQ:IFON) net profit margin is -1.60% and weekly performance is -14.78%. On last trading day company shares ended up $1.96. Analysts mean target price for the company is $7.00. InfoSonics Corporation (NASDAQ:IFON) distance from 50-day simple moving average (SMA50) is -37.45%.
Iteris, Inc. (NYSEMKT:ITI), a leader in providing intelligent traffic management information solutions, has been invited to present at the 15th Annual B. Riley & Co. Investor Conference, which is being held on May 19-21, 2014 at Loews Santa Monica Beach Hotel in Santa Monica, CA. Iteris Inc. (NYSEMKT:ITI) shares advanced 5.99% in last trading session and ended the day on $1.77. ITI gross Margin is 38.50% and its return on assets is 2.00%.Iteris Inc. (NYSEMKT:ITI) quarterly performance is -14.90%.
Zoom Technologies, Inc. (NASDAQ:ZOOM) on 18 April announced it is late in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (the “2013 Annual Report”) with the US Securities and Exchange Commission. The primary cause of the delay in filing its 2013 Annual Report is attributable to a correction of an error in the application of accounting principles related to the Company’s former 50.1% investment in Portables Unlimited, LLC. While the Company has already disposed of its investment. Zoom Technologies Inc. (NASDAQ:ZOOM) shares moved up 2.48% in last trading session and was closed at $2.89, while trading in range of $2.88 – $3.45. Zoom Technologies Inc. (NASDAQ:ZOOM) year to date (YTD) performance is -39.67%.
RiT Technologies (NASDAQ:RITT), the leader in intelligent infrastructure management and a developer of innovative indoor optical wireless technologies, on 8 may announced that Soarsky Telecommunication Co., a leading software and IT company in Shenzhen, China, has deployed RiT Technologies’ Beamcaster solution to accommodate more than 100 users as part of a major network upgrade. RiT Technologies Ltd. (NASDAQ:RITT) ended the last trading day at $1.46. Company weekly volatility is calculated as 7.88% and price to cash ratio as 21.39.RiT Technologies Ltd. (NASDAQ:RITT) showed a negative weekly performance of -3.31%.