On May 7, Transgenomic Inc (NASDAQ:TBIO) reported financial results for the first quarter ended March 31, 2014, and provided a business update. Net sales for the first quarter of 2014 were $6.3 million compared with $7.4 million for the same period in 2013. The year-to-year decline is mainly attributable to lower sales in the Laboratory Services segment, which reflected a higher than usual level of sales in the first quarter of 2013 that resulted from working down a backlog of Nuclear Mitome tests from the previous year. Net sales in our core Laboratory Services business, excluding Nuclear Mitome tests, posted a double digit percentage increase over year-ago levels. Transgenomic Inc (NASDAQ:TBIO) net profit margin is -61.50% and weekly performance is -3.72%. On last trading day company shares ended up $4.14. Analysts mean target price for the company is $13.00. Transgenomic Inc (NASDAQ:TBIO) distance from 50-day simple moving average (SMA50) is -11.52%.
On May 12, 2014, Daqo New Energy Corp (NYSE:DQ) announced the commencement of a proposed registered underwritten public offering by the Company of American Depositary Shares (“ADSs”), each representing 25 ordinary shares of the Company. The Company proposes to offer 2,000,000 ADSs. The Company intends to grant to the underwriter a 30-day option to purchase up to 300,000 additional ADSs. The Company intends to use the net proceeds from this offering for the expansion of its Xinjiang polysilicon facility, upgrade of process technology at the Xinjiang polysilicon facility and general corporate purposes. Daqo New Energy Corp (NYSE:DQ) shares fell -11.57% in last trading session and ended the day on $33.41. DQ Gross Margin is -48.70% and its return on assets is -24.20%. Daqo New Energy Corp (NYSE:DQ) quarterly performance is -15.27%.
Computer Task Group, Inc. (NASDAQ:CTG) announced that its Chairman and Chief Executive Officer James R. Boldt will present at the B. Riley & Co. 15th Annual Investor Conference at the Loews Santa Monica Beach Hotel in Santa Monica, California on Tuesday May 20, 2014 at 11:30 AM Pacific Time (2:30 PM Eastern Time). Computer Task Group, Inc. (NASDAQ:CTG) shares moved down 1.04% in last trading session and was closed at $15.50, while trading in range of $14.75 – $15.64. Computer Task Group, Inc. (NASDAQ:CTG) year to date (YTD) performance is -17.38%.
On May 8, MRV Communications, Inc. (NASDAQ:MRVC), reported financial results for the three-months ended March 31, 2014. Total revenue amounted to $42.3 million, up 9% from $38.9 million in the prior year. Network Equipment revenue was $22.3 million, up 7% compared to the prior year period reflecting solid growth in Europe and Asia Pacific. Network Integration revenue was $20.1 million, up 12% compared to the prior year primarily due to growth in both product and service revenues. MRV Communications, Inc. (NASDAQ:MRVC) ended the last trading day at $12.00. Company weekly volatility is calculated as 7.06% and price to cash ratio as 3.20. {Full Company Name} showed a positive weekly performance of -1.96%.