NQ Mobile Inc (ADR) (NYSE:NQ) was downgraded by research analysts at TheStreet from a “hold” rating to a “sell” rating in a report released on Tuesday, Stock Ratings News reports. NQ Mobile Inc (ADR) (NYSE:NQ) shares after opening at $13.80 moved to $14.68 on last trade day and at the end of the day closed at $13.96. Company price to sales ratio in past twelve months was calculated as 4.35 and price to cash ratio as 4.63. NQ Mobile Inc (ADR) (NYSE:NQ) showed a positive weekly performance of 10.79%.
LiveDeal Inc. (NASDAQ: LIVE), a publicly traded company that operateslivedeal.com, a geo-location based mobile marketing platform that enables restaurants to publish “real-time” and “instant offers” to nearby consumers, announced that Apple has approved the Company’s mobile restaurant deal engine App for distribution at Apple’s App Store. LiveDeal Inc (NASDAQ:LIVE) shares advanced 4.58% in last trading session and ended the day on $5.02. LIVE return on equity ratio is recorded as -205.00% and its return on assets is -159.00%. LiveDeal Inc (NASDAQ:LIVE) yearly performance is 378.10%.
On April 17, 2014, Mr. Huanyu Mao (“Mr. Mao”) resigned from his positions as a director and Chief Technical Officer of China BAK Battery, Inc. (Nasdaq:CBAK). Mr. Mao’s resignation was due to personal reasons and not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. China BAK Battery Inc. (NASDAQ:CBAK) shares moved down -6.15% in last trading session and was closed at $2.90, while trading in range of $2.85-$3.10. China BAK Battery Inc. (NASDAQ:CBAK) year to date performance is 30.63%.
On April 22, 2014 XG Technology Inc (NASDAQ:XGTI) announced that it has closed the previously announced underwritten public offering of its common stock. The Company offered 5,265,000 shares of its common stock at $1.90 per share to the public. xG received gross proceeds from the offering, before deducting the underwriting discount and estimated offering expenses payable by xG, of approximately $10,000,000. XG Technology Inc (NASDAQ:XGTI) weekly performance is -13.82%. On last trading day company shares ended up $1.87. XG Technology Inc (NASDAQ:XGTI) distance from 50-day simple moving average is -21.00%. Analysts mean target price for the company is $2.60.