An independent financial advisory firm will recommend that shareholders of Brazilian telecommunications company Grupo Oi SA approve a proposed merger with Portugal Telecom, SGPS (ADR) (NYSE:PT) , documents obtained by Reuters showed on Thursday, even as the deal is stirring intense controversy. Portugal Telecom, SGPS (ADR) (NYSE:PT) shares after opening at $4.48 moved to $4.57 on last trade day and at the end of the day closed at $4.52. Company price to sales ratio in past twelve months was calculated as 0.49 and price to cash ratio as 1.02. Portugal Telecom, SGPS (ADR) (NYSE:PT) showed a positive weekly performance of 4.63%.
Box Ships Inc. (NYSE:TEU) announced that it has commenced an underwritten offering of units consisting of its common shares and warrants. The Company intends to grant the underwriters of the offering a 45-day option to purchase an additional 15% of the units sold in the offering to cover over-allotments, if any. In the event that at least $10.0 million of units are sold in the public offering, Neige International Inc., a company controlled by the Company’s Chairman, President and Chief Executive Officer, has agreed to purchase, in a concurrent private placement at the public offering price, a number of units equal to 10% of the units sold in the public offering. Box Ships Inc (NYSE:TEU) shares fell -2.11% in last trading session and ended the day on $1.86. TEU return on equity ratio is recorded as 5.40% and its return on assets is 2.80%. Box Ships Inc (NYSE:TEU) yearly performance is -57.04%.
AU Optronics Corp. (ADR) (NYSE:AUO) is a $3.38 billion company involved in the manufacturing of flat panel displays and solar cells. Shares of the company have been active in recent times. The excitement in the stock can be linked to the company’s increasing interest in solar energy business which currently has very positive outlook. AU Optronics Corp. (ADR) (NYSE:AUO) shares moved down -0.51% in last trading session and was closed at $3.90, while trading in range of $3.84-$3.91. AU Optronics Corp. (ADR) (NYSE:AUO) year to date performance is 25.00%.
NeoPhotonics Corporation (NPTN), announced financial results for its third quarter ended September 30, 2013. The Company further announced that it will file with the Securities and Exchange Commission (SEC) amended Form 10-Q reports with its restated financial results for its first and second quarters ended March 31, 2013 and June 30, 2013, respectively, together with its Form 10-Q report for third quarter 2013 results. NeoPhotonics Corp (NYSE:NPTN) weekly performance is %. On last trading day company shares ended up $6.67. NeoPhotonics Corp (NYSE:NPTN) distance from 50-day simple moving average is -12.91%. Analysts mean target price for the company is $8.72.