China Information Technology, Inc. – Ordinary Shares (NASDAQ:CNIT), a leading provider of integrated cloud-based solutions including Internet-of-Things (“IoT”), public InfoCloud, WeMedia platform, Smart City and other Internet-related services in China, announced its financial results for the second-half and fiscal year ended December 31, 2013 according to which revenue decreased by 31.6% YoY to $38.9 million. China Information Technology, Inc. – Ordinary Shares (NASDAQ:CNIT) shares after opening at $5.18 moved to $5.18 on last trade day and at the end of the day closed at $4.81. Company price to sales ratio in past twelve months was calculated as 1.38 and price to cash ratio as 16.04. China Information Technology, Inc. – Ordinary Shares (NASDAQ:CNIT) showed a negative weekly performance of -12.86%.
Zacks assumed coverage on shares of Amber Road Inc (NASDAQ:AMBR) in a report issued on Wednesday, Stock Ratings Network.com reports. The firm set a “hold” rating on the stock. Amber Road Inc (NYSE:AMBR) shares fell -5.31% in last trading session and ended the day on $13.74. Amber Road Inc (NYSE:AMBR) return on equity ratio is recorded as 67.20% and its return on assets is -66.50%.
Benefitfocus, Inc. (NASDAQ:BNFT), a provider of cloud-based benefits software solutions, announced that AmeriGas Propane, Inc. has selected Benefitfocus Inc (NASDAQ:BNFT) HR Intouch Marketplace to support benefits administration, enrollment and employee communication. Benefitfocus Inc (NASDAQ:BNFT) shares moved down -8.14% in last trading session and was closed at $31.70, while trading in range of $31.52 – $35.68. Benefitfocus Inc (NASDAQ:BNFT) year to date (YTD) performance is -45.10%.
RBC Capital initiates coverage on The Rubicon Project, Inc. (NYSE:RUBI) with a Sector Perform rating and a price target of $22.00. Analyst Rohit Kulkarni comments, “While we consider The Rubicon Project, Inc. (NYSE:RUBI) as a leading, best-in-class ad-tech company, particularly on the supply-side, ad-tech ecosystem remains out of favor with structural, competitive, and unit economics headwinds. The Rubicon Project Inc (NYSE:RUBI) weekly performance is -2.79%. On last trading day company shares ended up $19.49. The Rubicon Project Inc (NYSE:RUBI) distance from 50-day simple moving average (SMA50) is -4.44%.