NQ Mobile Inc. (NYSE: NQ), a leading global provider of mobile Internet services, announced certain changes to its Board of Directors and provided a status update on its 2013 annual audit. NQ Mobile Inc (ADR) (NYSE:NQ) net profit margin is 4.40% and weekly performance is -28.10%. On last trading day company shares ended up $4.58. Analysts mean target price for the company is $33.00. NQ Mobile Inc (ADR) (NYSE:NQ) distance from 50-day simple moving average is -49.24%.
On May 20, 2014 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) shares fell -6.43% in last trading session and ended the day on $2.33. HTCH Gross Margin is 4.80% and its return on assets is -18.30%. Hutchinson Technology Incorporated (NASDAQ:HTCH) quarterly performance is -17.67%.
Majesco Entertainment Co. (NASDAQ:COOL), an innovative provider of video games for the mass market, announced that it has received a letter from TheNASDAQ Stock Market advising that the Company has regained compliance with NASDAQ’s minimum bid price listing requirement. Majesco Entertainment Co. (NASDAQ:COOL) shares moved down -5.47% in last trading session and was closed at $2.42, while trading in range of $2.40-$2.55. Majesco Entertainment Co. (NASDAQ:COOL) year to date performance is -41.40%.
China Mobile Games & Entnmnt Grp Ltd (NASDAQ:CMGE) was recently hit with a proposed class action in New York federal court, alleging it defrauded shareholders by failing to inform them about a bribery scandal that brought down its president and eight other executives. China Mobile Games & Entnmnt Grp Ltd (NASDAQ:CMGE) ended the last trading day at $15.05. Company weekly volatility is calculated as 4.78% and price to cash ratio as 4.37. China Mobile Games & Entnmnt Grp Ltd (NASDAQ:CMGE) showed a negative weekly performance of -4.75%.