Ocean Power Technologies Inc. (OPTT) has fired Chief Executive Officer Charles Dunleavy. David Keller, a director, was appointed interim CEO. Ocean Power Technologies Inc (NASDAQ:OPTT) weekly performance is -26.58%. On last trading day company shares ended up $1.63. Analysts mean target price for the company is $6.00. Ocean Power Technologies Inc (NASDAQ:OPTT) distance from 50-day simple moving average is -40.13%.
China Ming Yang Wind Power Group Ltd (NYSE:MY) recently got approval for development and operation of 300MW offshore wind power project. China Ming Yang Wind Power Group Ltd (NYSE:MY) shares fell -1.92% in last trading session and ended the day on $3.58. MY Gross Margin is 9.20% and its return on assets is -4.50%. China Ming Yang Wind Power Group Ltd (NYSE:MY) quarterly performance is 0.28%.
On May 15,2014 After discovering an accounting issue, Twin Disc, Incorporated (NASDAQ:TWIN) which makes marine and heavy-duty off-highway power transmission equipment, has delayed the filing of its quarterly report, which prompted a letter from Nasdaq telling the company that it was not in compliance with SEC rules. Twin Disc, Incorporated (NASDAQ:TWIN) shares moved down -1.15% in last trading session and was closed at $33.61, while trading in range of $30.86-$33.86. Twin Disc, Incorporated (NASDAQ:TWIN) year to date performance is 30.78%.
The Gorman-Rupp Company (NYSEMKT:GRC) announces that its wholly-owned subsidiary, National Pump Company, has completed its purchase of the business of Bayou City Pump, Inc. based in Houston, Texas. During 2013, BCP had approximately $16 million in revenue from sales of its products and services through its Houston, Texas headquarters and its service facility location in Baton Rouge, Louisiana. The terms of the asset purchase agreement are undisclosed. The Gorman-Rupp Company (NYSEMKT:GRC) ended the last trading day at $34.95. Company weekly volatility is calculated as 4.12% and price to cash ratio as 41.51. The Gorman-Rupp Company (NYSEMKT:GRC) showed a positive weekly performance of 7.11%.
Intelligent Systems Corporation, a developer of IT products and services, and industrial products, has reported that net loss attributable to the company for the first quarter ended March 31, 2014 was $586,000, or $0.07 loss per share, compared to a net income attributable to the company of $140,000, or $0.02 per share, for the same quarter ended March 31, 2013.Intelligent Systems Corporation (NYSEMKT:INS) net profit margin is 6.70% and weekly performance is 0.69%. On last trading day company shares ended up $1.45. Intelligent Systems Corporation (NYSEMKT:INS) distance from 50-day simple moving average is -3.73%.