American Superconductor Corporation (NASDAQ:AMSC), the $139 million market capped diversified electronics manufacturer has been at the receiving end of a spate of positive developments, which has launched the stock on a sustained bull run. The latest such announcement came on 2nd March when the company announced that it has arrived at a new arrangement with its senior convertible note holders who were holding the notes from 2012 December, as per which the senior notes would be exchanged in lieu of close to 6.6 million shares of common stock which will have a book value of 1 cent per share. The exchange exercise was closed as of 5th March’14. American Superconductor Corporation (NASDAQ:AMSC) stock opened at $2.23 in last session, and closed at $6.17, while the day range of AMSC stock is $2.18-$2.68. The stock showed a positive weekly performance of 17.86%.
Tata Communications Limited (NYSE:TCL) announced its financial results for the quarter and nine months ended 31 December 2013. Consolidated revenue from operations showed an increase of 12 per cent to Rs 49,537 million in Q3 FY14 as compared to Rs 44,341 million in the corresponding quarter last year. Tata Communications Limited (ADR) (OTCMKTS:TTCMY) stock closed at $3.50 .The 52 week range was $4.30-$9.86. Company’s market capitalization is $641.25 million.
Local Corporation (NASDAQ:LOCM), a leading local advertising and technology company, announced the launch of its new Where-to-Buy solution for manufacturers, powered by the company’s enterprise-ready Krillion® local shopping platform. Local Corporation (NASDAQ:LOCM) stock gained 9.52% and finished the last session at $1.84. The EPS of the stock remained -0.29.Company’s market capitalization is $42.39 million.
RiT Technologies Ltd (NASDAQ:RITT), the leader in intelligent infrastructure management, announced that The Weizmann Institute of Science in Israel has deployed RiT’s PatchView+™ IIM (Intelligent Infrastructure Management) solution as part of its network upgrade program to manage its physical infrastructure, enhance network security, streamline maintenance and improve network utilization. RiT Technologies Ltd. (NASDAQ:RITT) stock opened the session at $1.72, and closed the session at $1.81. The 52 week range of the RITT stock remained $1.55-$4.88 and the day range was $1.72-$1.93.