On 20 JUNE 58.com Inc (ADR) (NYSE:WUBA) reported its unaudited financial results for the first quarter ended March 31, 2014. Total revenues were US$48.2 million in the first quarter of 2014, a 103.3% increase from the same period last year; exceeding guidance of US$43 million to US$45 million. Gross margin was 94.9% compared with 91.8% in the same quarter of 2013. Net income was US$2.3 million, compared with a net loss of US$4.7 million in the same quarter of 2013. 58.com Inc (ADR) (NYSE:WUBA) net profit margin is 10.20% and weekly performance is 16.93%. On last trading day company shares ended up $52.22. Analysts mean target price for the company is $45.72. 58.com Inc (ADR) (NYSE:WUBA) distance from 50-day simple moving average (SMA50) is 25.59%.
Remark Media Inc (NASDAQ:MARK) shares advanced 2.14% in last trading session and ended the day on $8.13. MARK return on assets is -124.10%. Remark Media Inc (NASDAQ:MARK) quarterly performance is 47.82%.
On 25 JUNE Iron Mountain Incorporated (NYSE:IRM)’s board of directors has unanimously approved the company’s conversion to a real estate investment trust (“REIT”) for the taxable year beginning January 1, 2014, following the receipt of favorable private letter rulings from the Internal Revenue Service, including a ruling regarding the characterization of the company’s steel racking structures as real estate for REIT purposes under the Internal Revenue Code. Iron Mountain Incorporated (NYSE:IRM) shares moved up 20.05% in last trading session and was closed at $35.74, while trading in range of $35.10 – $36.00. Iron Mountain Incorporated (NYSE:IRM) year to date (YTD) performance is 19.97%.
Summit State Bank (NASDAQ:SSBI) ended the last trading day at $13.05. Company weekly volatility is calculated as 5.04% and price to cash ratio as 2.99. Summit State Bank (NASDAQ:SSBI) showed a positive weekly performance of 17.99%.
QLT Inc. (USA) (NASDAQ:QLTI) announced that it entered into a merger agreement with Auxilium Pharmaceuticals. A wholly-owned subsidiary of QLT will be merged with and into Auxilium. QLT will remain incorporated in Canada and will be renamed “New Auxilium.” QLT Inc. (USA) (NASDAQ:QLTI) weekly performance is 20.19%. On last trading day company shares ended up $6.19. Analysts mean target price for the company is $6.50. QLT Inc. (USA) (NASDAQ:QLTI) distance from 50-day simple moving average (SMA50) is 13.62%.