Spherix Inc. (NASDAQ:SPEX) yesterday announced the completion of $20 million equity financing which is turn strengthen the company’s balance sheet and allow it to meet its contractual obligations for the remainder of 2014. As a part of this financing, the company issued 10 million shares of is Convertible Preferred Stock (Series J) at $2 per share. Laidlaw & Company (UK) Ltd. was the placement agent for this equity financing transaction. The net proceeds will be subject to payment of placement agent fees and other expenses related to the offering. Spherix Inc (NASDAQ:SPEX) weekly performance is -47.40%. On last trading day company shares ended up $1.82. Analysts mean target price for the company is $1.00. Spherix Inc (NASDAQ:SPEX) distance from 50-day simple moving average is -14.97%.
Rentrak Corp. (NASDAQ:RENT) released its earnings data on Tuesday. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.05. Rentrak Corporation (NASDAQ:RENT) shares fell -5.42% in last trading session and ended the day on $45.57. RENT Gross Margin is 45.70% and its return on assets is -5.80%. Rentrak Corporation (NASDAQ:RENT) quarterly performance is -30.74%.
Rocket Fuel Inc (NASDAQ:FUEL) a leading provider of artificial intelligence (AI) advertising solutions for digital marketers, announced today that it becomes the first NCS Channel Partner to collaborate with Nielsen Catalina Solutions to understand consumer purchases resulting from programmatically served ads via in-flight optimization. Nielsen Catalina Solutions, a leader in marketing performance analytics that integrates actual retail sales with media exposure in a single-source dataset, enables Consumer Packaged Goods (CPG) marketers to optimize advertising performance to maximize their return on investment. Through this collaboration, CPG clients will be able to optimize their ad program while they’re still in-flight based on NCS’ weekly retail sales purchase data. Rocket Fuel Inc (NASDAQ:FUEL) shares moved down -5.55% in last trading session and was closed at $22.97, while trading in range of $22.87-$24.15. Rocket Fuel Inc (NASDAQ:FUEL) year to date performance is -62.64%.
Mecox Lane Limited (“Mecox Lane” or the “Company”) (Nasdaq:MCOX), a multi-brand and multi-channel retailer of apparel and accessories in China, today announced that the Company will report its financial results for the first quarter ended March 31, 2014 on Monday, June 9, 2014, after the U.S. markets close. Mecox Lane Ltd (NASDAQ:MCOX) ended the last trading day at $4.51. Company weekly volatility is calculated as 9.11% and price to cash ratio as 3.06. Mecox Lane Ltd (NASDAQ:MCOX) showed a negative weekly performance of -9.98%.
PDI (NASDAQ:PDII) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Tuesday. PDI, Inc. (NASDAQ:PDII) net profit margin is -4.30% and weekly performance is -6.82%. On last trading day company shares ended up $4.51. Analysts mean target price for the company is $8.00. PDI, Inc. (NASDAQ:PDII) distance from 50-day simple moving average is -4.78%.