GTT Communications Inc (NYSEMKT:GTT) was a big mover last session, as the company saw its shares rise by roughly 9% on the day.The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up almost 41% in the past one-month time frame. GTT Communications Inc (NYSEMKT:GTT) shares after opening at $9.45 moved to $10.90 on last trade day and at the end of the day closed at $10.85. Company price to sales ratio in past twelve months was calculated as 1.79 and price to cash ratio as 50.78. GTT Communications Inc (NYSEMKT:GTT) showed a positive weekly performance of 1.59%.
Oi SA (ADR) (NYSE:OIBR) is looking forward for a positive outcome on March 27 shareholder meeting. The objective of the meeting is to discuss and vote on the proposed merger of Oi SA with Portugal Telecom, SGPS (ADR) (NYSE:PT). In the latest developments the company has moved one step ahead in the proposed merger as it is now confirmed that Autoridade da Concorrencia, the regulatory body of Portugal has approved the tie-up. The Brazilian Equivalent Cade has already approved the merger in February. With the approval coming from the Portugal regulatory body the deal is seen finalizing from both the parties. Oi SA (ADR) (NYSE:OIBR) shares advanced 0.73% in last trading session and ended the day on $1.37. Oi SA (ADR) (NYSE:OIBR) yearly performance is -50.90%.
Sky-mobi Ltd (ADR) (NASDAQ:MOBI) retreated from its earlier session’s rally.The mobile application store operator has recently announced that it has partnered with China Unicom. Sky-mobi has effected this partnership through its holding company called Mopin Technology, which signed an agreement with the ChinaUnicome’s official app store called the Wo Store. As per the agreed terms of the deal, Sky-mobi Ltd (ADR)(NASDAQ:MOBI) will deliver custom-made software services for the telecom’s physical stores. Initially, Sky-mobi will service the physical stores of China Unicom in the areas such as Guangxi, Zhejiang and Shandong provinces, and in the second stage, these services will cover broader areaslike Hunan, Heilongjiang, Hubei, Guangdong and Shanghai,in the year 2014. Sky-mobi Ltd (ADR)(NASDAQ:MOBI) shares moved down -0.70% in last trading session and was closed at $8.46, while trading in range of $ 8.09 – 9.00. Sky-mobi Ltd (NASDAQ:MOBI) year to date (YTD) performance is 127.42%.
Mandalay Digital Group Inc (NASDAQ:MNDL) and its subsidiaries (Nasdaq:MNDL) announced that it has priced an underwritten public offering of shares of common stock at a public offering price of $4.10 per share for gross proceeds of approximately $17.4 million, prior to deducting underwriting discounts and commissions and offering expenses payable by the Company. The Company has also granted the underwriters a 30-day option to purchase up to an additional 636,750 shares of common stock to cover over-allotments, if any. Mandalay Digital Group Inc (NASDAQ:MNDL) weekly performance is -1.22%. On last trading day company shares ended up $4.04. Mandalay Digital Group Inc (NASDAQ:MNDL) distance from 50-day simple moving average (SMA50) is 1.38%. Analysts mean target price for the company is $7.38.