On May 29, MeetMe, Inc. (NASDAQ:MEET) the public market leader for social discovery, has launched its Friend Suggestions feature on its iPhone application. The feature, previously available on the web platform, surfaces a “People You Might Like” section within Feed and Friends, with the goal of driving more friend requests, new friendships, and ultimately, new chat conversations. MeetMe Inc (NASDAQ:MEET) net profit margin is -16.60% and weekly performance is -8.96%. On last trading day company shares ended up $1.83. Analysts mean target price for the company is $4.75. MeetMe Inc (NASDAQ:MEET) distance from 50-day simple moving average (SMA50) is -31.89%.
WSP Holdings Limited (ADR) (NYSE:WH) announced that the Company has received a notice of failure to satisfy continued listing standards (the “Letter”) from NYSE Regulation (the “Exchange”) that the Company is not in compliance with certain of the Exchange’s continued listing standards as set forth in Section 802.01E of the Listed Company Manual (the “Listed Company Manual”) as a result of its failure to file its annual report on Form 20-F on a timely basis. WSP Holdings Limited (ADR) (NYSE:WH) shares fell -7.89% in last trading session and ended the day on $1.05. WSP Holdings Limited (ADR) (NYSE:WH) quarterly performance is -50.70%.
RiceBran Technologies (NASDAQ:RIBT) announced it received shareholder approval to increase its authorized shares of common stock to 25,000,000 effective May 30, 2014. As a result, the Company will implement the plan detailed in its previously issued proxy statement for the Special Shareholder Meeting held on Friday May 30, 2014. RiceBran Technologies (NASDAQ:RIBT) shares moved down -13.65% in last trading session and was closed at $5.93, while trading in range of $5.66 – $6.86. RiceBran Technologies (NASDAQ:RIBT) year to date (YTD) performance is 18.88%.
India Globalization Capital, Inc. (NYSEMKT:IGC), announced that it has completed its proposed acquisition of Golden Gate, a Hong Kong based trading company. As previously reported, the acquisition is expected to be accretive to earnings as Golden Gate was profitable in FYE March 31, 2014 with unaudited revenue of approximately $10 million. India Globalization Capital, Inc. (NYSEMKT:IGC) ended the last trading day at $1.53 . Company weekly volatility is calculated as 14.75% and price to cash ratio as 30.60. India Globalization Capital, Inc. (NYSEMKT:IGC) showed a positive weekly performance of 1.32%.
Transcept Pharmaceuticals, Inc. (NASDAQ:TSPT) a specialty pharmaceutical company focused on the development and commercialization of proprietary products that address important therapeutic needs in the field of neuroscience, announced financial results for the three months ended March 31, 2014. Net loss for the quarter ended March 31, 2014 was approximately $2.8 million, or $0.15 per share (basic and diluted), compared to net loss of approximately $10.5 million, or $0.56 per share (basic and diluted), for the quarter ended March 31, 2013. The decrease in net loss of $7.7 million was primarily due to the Transcept participation in the 2013 DTC campaign led by Purdue. Transcept Pharmaceuticals Inc (NASDAQ:TSPT) weekly performance is -35.22%. On last trading day company shares ended up $2.06. Analysts mean target price for the company is $4.10. Transcept Pharmaceuticals Inc (NASDAQ:TSPT) distance from 50-day simple moving average (SMA50) is -31.90%.