Portugal Telecom, SGPS (ADR) (NYSE:PT), the country’s biggest telecommunications company, fell to the lowest intraday price in 18 years after two non-executive board members resigned without providing a reason. Portugal Telecom, SGPS (ADR) (NYSE:PT), net profit margin is 20.60% and weekly performance is -8.24%. On last trading day company shares ended up $3.45. Analysts mean target price for the company is $3.91. Portugal Telecom, SGPS (ADR) (NYSE:PT), distance from 50-day simple moving average (SMA50) is -10.66%.
On June 19, 2014, Crossroads Systems, Inc. (NASDAQ:CRDS), has agreed to a one-year stock purchase plan with Lone Star Value Investors LP. Crossroads Systems, Inc. (NASDAQ:CRDS), fell 5.37% in last trading session and ended the day on $3.17. CRDS, Gross Margin is 80.50% and its return on assets is -84.70%. Crossroads Systems, Inc. (NASDAQ:CRDS), quarterly performance is 28.86%.
In a newly amended filing with the U.S. Securities and Exchange Commission, Iroquois Capital Management has revealed that it has sent a letter to MGT Capital Investments Inc. (NYSEMKT:MGT), to nominate four members for election to the company’s board of directors at the 2014 annual meeting of stockholders. According to the filing, Iroquois holds 929,915 shares of the company, representing 9.99% of common stock outstanding. MGT Capital Investments Inc. (NYSEMKT:MGT), shares moved down 9.05% in last trading session and was closed at $0.955, while trading in range of $0.91 – 1.08. MGT Capital Investments Inc. (NYSEMKT:MGT),year to date (YTD) performance is -66.01%.
On June 26, 2014, Inventergy Global Inc (NASDAQ:INVT), announced that Joe Beyers, Chairman and CEO, and Wayne Sobon, Senior Vice President and General Counsel, have been selected for inclusion in the IAM Strategy 300 – The World’s Leading IP Strategists. Inventergy Global Inc (NASDAQ:INVT), ended the last trading day at $2.63. Company weekly volatility is calculated as 6.14% and price to cash ratio as 30.94. Inventergy Global Inc (NASDAQ:INVT), showed a negative weekly performance of 4.36%.
On May 08, 2014, RiT Technologies Ltd. (NASDAQ:RITT), the leader in intelligent infrastructure management and a developer of innovative indoor optical wireless technologies, announced that Soarsky Telecommunication Co., a leading software and IT company in Shenzhen, China, has deployed RiT Technologies’ Beamcaster solution to accommodate more than 100 users as part of a major network upgrade. RiT Technologies Ltd. (NASDAQ:RITT), net profit margin is -75.40% and weekly performance is 3.05%. On last trading day company shares ended up $1.35. RiT Technologies Ltd. (NASDAQ:RITT), distance from 50-day simple moving average (SMA50) is -9.87%.