Spherix Inc (NASDAQ:SPEX) commenced litigation against Juniper Networks, Inc. (JNPR), in the United States District Court for the District of Delaware, alleging that the Sunnyvale, California based company infringes five patents owned by Spherix. The patents asserted in the litigation were developed by Nortel Networks and acquired by Spherix in December 2013 miestenapteekki.com. The technology at issue relates to routers and switches sold by Juniper that move data across a network and are five of the same patents previously asserted by Spherix against Cisco. Spherix Inc (NASDAQ:SPEX) weekly performance is -1.95%. On last trading day company shares ended up $1.51. Analysts mean target price for the company is $1.00. Spherix Inc (NASDAQ:SPEX) distance from 50-day simple moving average (SMA50) is -38.66%.
FreeSeas Inc. (NASDAQ:FREE) a transporter of dry-bulk cargoes through the ownership and operation of a fleet of five Handysize vessels and one Handymax vessels, announced that it entered into a placement agent agreement with Dawson James Securities, Inc. on May 21, 2014, to sell up to $25 million of Series D Convertible Preferred Stock and Series C Warrants. The offering is expected to close on May 28, 2014. The securities will be sold in 250,000 units, at a purchase price of $100 per unit, with each unit consisting of one share of our Series D Convertible Preferred Stock and Series C Warrants to purchase 200% of the shares of common stock underlying the Series D Preferred Stock, at an exercise price of 130% of the Series D Preferred Stock conversion price on the initial issuance date of the Series D Preferred Stock, rounded to the nearest whole cent. FreeSeas Inc (NASDAQ:FREE) shares advanced 5.93% in last trading session and ended the day on $1.25. FreeSeas Inc (NASDAQ:FREE) quarterly performance is -26.47%.
On May 13, RMG Networks Holding Corporation (NASDAQ:RMGN) surged 10.17%, the stock was slumping last week as the company was facing a loss of $1.04 in the first quarter, missing the analyst estimate of ($0.24) by $0.80. Revenue for the quarter was $12.6 million as compared to the consensus estimate of $12.06 million. RMG Networks Holding Corporation (NASDAQ:RMGN) shares moved up 10.42% in last trading session and was closed at $1.59, while trading in range of $1.39 – $1.60. RMG Networks Holding Corporation (NASDAQ:RMGN) year to date (YTD) performance is -67.28%.
On April 30, Dehaier Medical Systems Ltd. (NASDAQ:DHRM) an emerging leader in the development, assembly, marketing and sale of medical devices and sleep respiratory products in China, announced it has become the authorized agent of Olympus (Beijing) Sales & Service Co., Ltd. (“Olympus”) to supply its electronic gastroscope and electronic bronchoscope products to participate in several medical device procurement projects funded by the Chinese government. Pursuant to the authorization letter with Olympus, Dehaier will be responsible for bidding, agreement negotiation and execution of the projects. Dehaier Medical Systems Ltd (NASDAQ:DHRM) ended the last trading day at $6.67. Company weekly volatility is calculated as 11.42% and price to cash ratio as 7.36. Dehaier Medical Systems Ltd (NASDAQ:DHRM) showed a positive weekly performance of 38.38%.
RiceBran Technologies (NASDAQ:RIBT) and (RIBTW), a global leader in the production and marketing of value added products derived from rice bran, announced that it will be a featured presenter at the 3rd Annual Marcum MicroCap Conference on Thursday, May 29, 2014 at the Grand Hyatt Hotel in New York City. RiceBran Technologies (NASDAQ:RIBT) net profit margin is -43.00% and weekly performance is 17.06%. On last trading day company shares ended up $7.00. Analysts mean target price for the company is $11.07. RiceBran Technologies (NASDAQ:RIBT) distance from 50-day simple moving average (SMA50) is 48.68%.