Levi & Korsinsky is investigating the Board of Directors of Charm Communications Inc. (ADR) (NASDAQ:CHRM) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to its Chairman, He Dang, and certain of his affiliates. Charm Communications Inc (ADR) (NASDAQ:CHRM) net profit margin is -4.40% and weekly performance is 3.47%. On last trading day company shares ended up $4.47. Analysts mean target price for the company is $5.00. Charm Communications Inc (ADR) (NASDAQ:CHRM) distance from 50-day simple moving average (SMA50) is 5.19%.
Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) tumbled the most in two years, leading declines among Chinese stocks trading in the U.S. after the online game developer said its profit margin narrowed in the first quarter. The Bloomberg China-US Equity Index of the most-traded Chinese stocks in the U.S. fell 0.6 percent to 100.17 in New York. Perfect World retreated the most since April 2012. E-House China Holdings Ltd. (EJ), an online real-estate agency, jumped the most in eight months after posting first-quarter earnings that exceeded analysts’ estimates. Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) shares advanced 3.29% in last trading session and ended the day on $17.88. Gross Margin is 76.70% and its return on assets is 11.40%. Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) quarterly performance is -12.44%.
Morgan Stanley restated their underweight rating on shares of Changyou.Com Ltd (ADR) (NASDAQ:CYOU) in a research note issued to investors on Monday, Analyst Ratings Network.com reports. The firm currently has a $26.00 price target on the stock. Changyou.Com Ltd (ADR) (NASDAQ:CYOU) shares moved up 0.35% in last trading session and was closed at $26.09, while trading in range of $25.77 – $26.15. Changyou.Com Ltd (ADR) (NASDAQ:CYOU) year to date (YTD) performance is -18.60%.
On March 28, The9 Limited (ADR) (NASDAQ:NCTY) an online game developer and operator, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2013 with the U.S. Security and Exchange Commission. The annual report, which contains its audited financial statements, can be accessed on the SEC’s website at http://www.sec.gov as well as on the Company’s investor relations website: http://www.the9.com/en/ . Shareholders may receive a hard copy of the annual report free of charge upon request. The9 Limited (ADR) (NASDAQ:NCTY) ended the last trading day at $2.30. Company weekly volatility is calculated as 5.60% and price to cash ratio as 1.29. The9 Limited (ADR) (NASDAQ:NCTY) showed a negative weekly performance of -2.54%.
On May 20, Taomee Holdings Limited (ADR) (NYSE:TAOM) a leading children’s entertainment and media company in China, reported its unaudited financial results for the first quarter of 2014. Net revenues from online businesses were US$9.4 million in the first quarter of 2014, an increase of 13.6% from US$8.2 million in the fourth quarter of 2013 and an increase of 14.5% from US$8.2 million in the first quarter of 2013. Net revenues from offline businesses were US$2.3 million in the first quarter of 2014, a decrease of 13.6% from US$2.7 million in the fourth quarter of 2013 and an increase of 64.6% from US$1.4 million in the first quarter of 2013. Taomee Holdings Ltd (ADR) (NYSE:TAOM) net profit margin is 13.10% and weekly performance is -6.87%. On last trading day company shares ended up $4.61. Analysts mean target price for the company is $4.00. Taomee Holdings Ltd (ADR) (NYSE:TAOM) distance from 50-day simple moving average (SMA50) is -18.72%.