Zhone Technologies, Inc. (NASDAQ: ZHNE), a global leader in FTTx network access solutions, reported its financial results for the fourth quarter of 2013, ended December 31, 2013. Zhone Technologies Inc (NASDAQ:ZHNE) stock opened at $4.53 in last session, and closed at $4.35, while the day range of stock is $4.12 – $4.63. The stock showed a negative weekly performance of -27.50%.
Thomson Reuters/Verus lowered shares of RIT Technologies Ltd (NASDAQ:RITT) from a hold rating to a sell rating in a research report released on Monday morning, Analyst Ratings Network reports. RiT Technologies Ltd. (NASDAQ:RITT) stock opened at $1.95, in last session and closed at $1.77, by losing -17.29%. The 52 week range of the stock is $1.55 – $4.88. Company’s market capitalization is $22.99 million.
InfoSonics Corporation (NASDAQ:IFON) skyrocketed 44.64% on Wednesday to more than 5-year high as shares might be getting some interest following update that verykool has recently launched an online store in the US market, enabling customers to purchase verykool products that the company says are unique, beautifully designed, feature packed, and provide exceptional value and have them shipped to all 50 states in the US. InfoSonics Corporation (NASDAQ:IFON) stock decreased -12.34% and finished the last session at $2.06. The EPS of the stock remained -0.13. Company’s market capitalization is $29.22 million.
On January 13, 2014, Zoom Technologies, Inc. (Nasdaq:ZOOM) entered into a Letter of Intent (the “LOI”) with Tinho Union Holding Group (“Tinho”) to acquire all the outstanding shares of Tinho by issuing approximately 9.4 million new shares of the Company’s common stock at a valuation of $8.6505 per share to the shareholders of Tinho. Zoom Technologies Inc (NASDAQ:ZOOM) stock opened the session at $4.51, and closed the session at $4.21. The 52 week range of the stock remained $0.32 – $9.40 and the day range was $4.16 – $4.57.