May 21, 2014 — Renren Inc. (NYSE:RENN) a leading real-name social networking internet platform in China, announced its unaudited financial results for the first quarter ended March 31, 2014. Renren net revenues were US$12.2 million, representing a 17.3% decrease from the corresponding period of 2013. Within Renren net revenues, online advertising revenues were US$7.8 million for the first quarter of 2014, a 19.2% decrease from the corresponding period of 2013. The decrease was due to increasing competition and traffic migration to mobile. Internet Value-Added Services (IVAS) revenues were US$4.4 million, representing a 13.6% decrease from the corresponding period in 2013. Renren Inc (NYSE:RENN) net profit margin is 73.60% and weekly performance is -0.90%. On last trading day company shares ended up $3.30. Analysts mean target price for the company is $2.78. Renren Inc (NYSE:RENN) distance from 50-day simple moving average (SMA50) is -0.48%.
Shares of YY Inc (NYSE:YY) were the target of some unusual options trading activity on Monday. Traders acquired 6,492 put options on the company,StockRatingsNetwork.com reports. This is an increase of approximately 168% compared to the average volume of 2,426 put options. YY Inc (ADR) (NASDAQ:YY) shares advanced 0.35% in last trading session and ended the day on $69.76. Gross Margin is 51.60% and its return on assets is 19.80%. YY Inc (ADR) (NASDAQ:YY) quarterly performance is -14.31%.
Ku6 Media Co., Ltd. (ADR) (NASDAQ:KUTV) a leading Internet video company focused on User Generated Content (“UGC”) in China, announced unaudited financial results for the first quarter of fiscal year 2014, ended March 31, 2014. GAAP net loss was US$4.41 million (RMB27.43 million), as compared to a net loss of US$26.78 million in the fourth quarter of 2013 and US$1.67 million in the first quarter of 2013. Non-GAAP net loss, which the Company defines as net loss excluding expenses (benefits) associated with share-based compensation, was US$4.17 million (RMB25.94 million) in the first quarter of 2014, as compared to non-GAAP net loss of US$25.57 million in the fourth quarter of 2013 and US$2.32 million in the first quarter of 2013. Ku6 Media Co Ltd (ADR) (NASDAQ:KUTV) shares moved up 0.64% in last trading session and was closed at $1.58, while trading in range of $1.57 – $1.63. Ku6 Media Co Ltd (ADR) (NASDAQ:KUTV) year to date (YTD) performance is -43.97%.
May 7, 2014 — 500.com Ltd (NYSE:WBAI) a leading online sports lottery service provider in China, reported its unaudited financial results for the first quarter of 2014. Non-GAAP net income attributable to ordinary shareholders excluding share-based compensation expenses was RMB32.4 million (US$5.2 million), up 24.1% quarter-over-quarter. Basic and diluted earnings per ADS[1] attributable to ordinary shareholders were US$0.13 and US$0.12, respectively. 500.com Ltd (NYSE:WBAI) ended the last trading day at $35.21 . Company weekly volatility is calculated as 4.44% and price to cash ratio as 10.25. 500.com Ltd (NYSE:WBAI) showed a positive weekly performance of 3.62%.
MEG ENERGY CORP (OTCMKTS:MEGEF) has earned a consensus recommendation of “Buy” from the fourteen brokerages that are presently covering the stock, AnalystRatingsNetwork reports. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $46.67. MEG ENERGY CORP (OTCMKTS:MEGEF) On last trading day company shares ended up $36.74 .