Mitcham Industries, Inc (NASDAQ:MIND) was downgraded by investment analysts at Global Hunter Securities from a “buy” rating to an “accumulate” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports. They currently have a $15.00 price target on the stock, down from their previous price target of $17.00. Global Hunter Securities’ price target indicates a potential upside of 15.38% from the company’s current price. Mitcham Industries, Inc. (NASDAQ:MIND) net profit margin is 5.20% and weekly performance is -3.19%. On last trading day company shares ended up $13.04. Analysts mean target price for the company is $18.00. Mitcham Industries, Inc. (NASDAQ:MIND) distance from 50-day simple moving average (SMA50) is -5.14%.
Ixia (NASDAQ:XXIA) announced that as expected and due to the previously reported delay in the company’s filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2014 (the “2014 Form 10-Q”), on May 15, 2014, the company received a letter from The NASDAQ Stock Market LLC (“Nasdaq”) notifying the company that it does not comply with Nasdaq Listing Rule 5250(c)(1) (the “Rule”).The Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”).The letter also notifies the company that its delay in filing the 2014 Form 10-Q serves as an additional basis for the potential delisting of the company’s common stock due to non-compliance with the Rule. Ixia (NASDAQ:XXIA) shares fell -1.86% in last trading session and ended the day on $11.59. XXIA Gross Margin is 79.40% and its return on assets is 2.60%. Ixia (NASDAQ:XXIA) quarterly performance is -9.17%.
Datawatch Corporation (NASDAQ:DWCH) CEO Michael Anthony Morrison sold 70,000 shares of the company’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $12.41, for a total transaction of $868,700.00. Following the transaction, the chief executive officer now directly owns 312,687 shares of the company’s stock, valued at approximately $3,880,446. Datawatch Corporation (NASDAQ:DWCH) shares moved up 7.38% in last trading session and was closed at $13.10, while trading in range of $11.75 – $13.18. Datawatch Corporation (NASDAQ:DWCH) year to date (YTD) performance is -61.48%.
I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of wireless M2M asset management solutions, has received a purchase order valued at approximately $200,000 from Southeast Industrial Equipment, Inc., one of the largest dealers of material handling equipment in the southeast United States. The order is for initial deployment of I.D. Systems, Inc. (NASDAQ:IDSY)’ PowerBox™ wireless vehicle management system (VMS) on a fleet of lift trucks in a manufacturing plant of one of the world’s leading appliance manufacturers, a new end user of I.D. Systems’ solutions. I.D. Systems, Inc. (NASDAQ:IDSY) ended the last trading day at $4.15. Company weekly volatility is calculated as 6.20% and price to cash ratio as 4.77. I.D. Systems, Inc. (NASDAQ:IDSY) showed a negative weekly performance of -3.71%.
Novatel Wireless Inc. (NASDAQ:NVTL), a telecommunications company based in San Diego, said its CFO, Kenneth Leddon, will depart the company, effective May 31. Mr. Leddon will be CFO at an unnamed company. The company will use an outside firm to search for a replacement. Mr. Leddon received compensation valued at $433,836 in 2013, according to a proxy filing. Novatel Wireless Inc (NASDAQ:NVTL) net profit margin is -14.60% and weekly performance is -8.43%. On last trading day company shares ended up $1.52. Analysts mean target price for the company is $2.18. Novatel Wireless Inc (NASDAQ:NVTL) distance from 50-day simple moving average (SMA50) is -18.46%.