Local Corporation (NASDAQ:LOCM), announced that its Havvit™ shopping app has received award recognition from three major industry award organizations. Local Corporation (NASDAQ:LOCM) net profit margin is -10.00% and weekly performance is 12.63%. On last trading day company shares ended up $2.14. Analysts mean target price for the company is $3.67. Local Corporation (NASDAQ:LOCM) distance from 50-day simple moving average (SMA50) is 16.44%.
On June 26, 2014, Pomerantz LLP has filed a class action lawsuit against China Mobile Games & Entnmnt Grp Ltd (NASDAQ:CMGE) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 14-cv-4745, is on behalf of a class consisting of all persons or entities who purchased CMGE’s American Depository Shares (“ADS”) between September 20, 2012 and June 19, 2014, inclusive (the “Class Period”), including those investors who purchased CMGE ADS pursuant to the CMGE’s secondary public offering that closed on or about March 26, 2014. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Act of 1933 (the “Securities Act”) and the Securities Exchange Act of 1934 (the “Exchange Act”). China Mobile Games & Entnmnt Grp Ltd (NASDAQ:CMGE) shares advanced 10.03% in last trading session and ended the day on $15.80. CMGE Gross Margin is 59.80% and its return on assets is 6.10%. China Mobile Games & Entnmnt Grp Ltd (NASDAQ:CMGE) quarterly performance is -17.32%.
On Jun 18, 2014, Voltari Corp (NASDAQ:VLTC), the 11-year veteran provider of data driven solutions for marketers and advertisers, announces the hiring of Bill Lawrence as Vice President, Engineering. Lawrence joined Voltari’s senior team in May 2014 and will lead the Arizona office, the center of the company’s data science and ad tech development. Reporting directly to CTO Dr. David Castillo, Lawrence is expected to play a key role in implementing Voltari’s progressive strategy and product roadmap. Voltari Corp (NASDAQ:VLTC) shares moved up 10.59% in last trading session and was closed at $2.09, while trading in range of $1.80 – $2.13. Voltari Corp (NASDAQ:VLTC) year to date (YTD) performance is -39.06%.
On June 26, 2014, Frequency Electronics, Inc. (NASDAQ:FEIM) announced it has been awarded a new satellite contract anticipated to exceed $11 million. The contract calls for Frequency to design and develop a payload master timing and frequency generator system for U.S. Government end-use. Work on this cost-plus contract is expected to be completed within eighteen months followed by additional orders for flight systems. Frequency was selected for this important contract award based on its state-of-the-art, low phase noise/short-term stability time and frequency technology. Frequency Electronics, Inc. (NASDAQ:FEIM) ended the last trading day at $12.00. Company weekly volatility is calculated as 4.00% and price to cash ratio as 4.52. Frequency Electronics, Inc. (NASDAQ:FEIM) showed a positive weekly performance of 8.99%.
Astea International Inc. (NASDAQ:ATEA) announces that a Global Fortune 1000 Fire & Security Services Company has signed a cloud software-as-a-service (SaaS) contract for the Astea Alliance service management and mobile workforce platform to optimize, transform, and manage their service ecosystem. This strategic win further demonstrates and solidifies Astea’s leadership position as the service management software provider of choice for leading fire & security companies. Astea International Inc. (NASDAQ:ATEA) shares moved up 5.78% in last trading session and was closed at $2.38, while trading in range of $2.31 – $2.49. Astea International Inc. (NASDAQ:ATEA) year to date (YTD) performance is -6.67%.