InfoSonics Corporation (NASDAQ:IFON) on 21 May 2014 announced the launch of its new verykool s505 smartphone, the most dynamic mobile handset the company has offered to date. InfoSonics Corporation (NASDAQ:IFON) net profit margin is 0.50% and weekly performance is 9.22%. On last trading day company shares ended up $2.25. Analysts mean target price for the company is $7.00. InfoSonics Corporation (NASDAQ:IFON) distance from 50-day simple moving average (SMA50) is -21.99%.
THT Heat Transfer Technology, Inc. (NASDAQ:THTI), a leading provider of heat exchangers and heat exchange solutions in China’s clean technology industry, today announced its unaudited financial results for the first quarter ended March 31, 2014. Sales revenue for the first quarter of 2014 was US$8.3 million, a 4.8% increase from US$7.9 million during the same period of 2013. The increase was primarily attributable to higher sales revenue from heat exchange units and shell-and-tube heat exchangers. Sales volume of heat exchange products totaled 496 units in the first quarter of 2014, an increase of 113 units from 383 units in the same period of 2013. THT Heat Transfer Technology Inc (NASDAQ:THTI) shares advanced 7.94% in last trading session and ended the day on $1.36. THTI Gross Margin is 30.40% and its return on assets is 1.90%. THT Heat Transfer Technology Inc (NASDAQ:THTI) quarterly performance is 36.00%.
eOn Communications Corporation (NASDAQ:EONC) stock is extending its rally through Tuesday’s session after adding 44.8% a day earlier. By early afternoon, shares had surged 23.2% to $4.30. Trading volume of 1.1 million shares was more than nine times its three-month daily average. The company has soared on heavier-than-normal volume, despite the absence of company news. eOn Communications Corporation (NASDAQ:EONC) shares moved up 0.56% in last trading session and was closed at $3.60, while trading in range of $3.41 – $3.70. eOn Communications Corporation (NASDAQ:EONC) year to date (YTD) performance is 48.15%.
Transgenomic Inc (NASDAQ:TBIO) major shareholder Leroy C. Kopp sold 413,050 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $3.70, for a total transaction of $1,528,285.00. Transgenomic Inc (NASDAQ:TBIO) ended the last trading day at $3.88. Company weekly volatility is calculated as 6.33% and price to cash ratio as 17.82. Transgenomic Inc (NASDAQ:TBIO) showed a negative weekly performance of -5.37%.
RiT Technologies Ltd. (NASDAQ:RITT), on 15 May 2014 announced its unaudited financial results for the first quarter ended March 31, 2014. Revenues for the first quarter of 2014 increased by 13.84% to $2.0 million, compared to $1.8 million for the first quarter of 2013. Gross margin for the period improved 400 basis points to 40%, compared to 36% in the first quarter of 2013. Net loss for the first quarter of 2014 (including $222,000 in stock-based compensation expenses) was $1.9 million, or $0.15 per (basic and diluted) share, compared with a net loss of $2.9 million, or $0.37 per (basic and diluted) share in the first quarter of 2013 (including $545,000 in stock-based compensation expenses). Cash and cash equivalents were $3.1 million as of March 31, 2014, compared to $5.2 million as of December 31, 2013. Shareholders’ equity decreased to $5.8 million as of March 31, 2014, compared to $7.4 million as of December 31, 2013. RiT Technologies Ltd. (NASDAQ:RITT) net profit margin is -89.30% and weekly performance is -5.56%. On last trading day company shares ended up $1.53. RiT Technologies Ltd. (NASDAQ:RITT) distance from 50-day simple moving average (SMA50) is -8.43%.