Shenzhen BAK Battery Co., Ltd. a wholly-owned subsidiary of China BAK Battery, Inc. (Nasdaq:CBAK) entered into two loan agreements (the “Loan Agreements”) with Mr. Jinghui Wang, pursuant to which, Shenzhen BAK borrowed from Mr. Wang an aggregate of RMB520 million (approximately $85.9 million) (the “Loans”). Pursuant to the Loan Agreements, Shenzhen BAK has the obligations to repay the principal amount of RMB520 million and any accrued interest to Mr. Wang. To secure the repayment of the Loans, the Company and the Company’s wholly-owned Hong Kong subsidiary, BAK International Limited (“BAK International”) separately entered into a corporate guarantee with Mr. Wang, under which each of the Company and BAK International irrevocably and unconditionally guaranteed to the lender timely performance by Shenzhen BAK of all its obligations under the Loan Agreements. China BAK Battery Inc. (NASDAQ:CBAK) net profit margin is -56.80 % and weekly performance is -12.55%. On last trading day company shares ended up $2.30. Analysts mean target price for the company is $ 2.00. China BAK Battery Inc. (NASDAQ:CBAK) distance from 50-day simple moving average (SMA50) is -26.55%.
Amtech Systems, Inc. (NASDAQ:ASYS) a global supplier of production and automation systems and related supplies for the manufacture of solar cells, semiconductors, and sapphire and silicon wafers, today announced that the Company, along with its solar subsidiary, Tempress Systems, will exhibit at the 8th International Photovoltaic Power Generation Conference & Exhibition (SNEC 2014) May 20-22, 2014, in Shanghai, China at the Shanghai New International Expo Center (Hall E3, Booth 330). Amtech Systems, Inc. (NASDAQ:ASYS) shares fell -5.32% in last trading session and ended the day on $8.18. Gross Margin is 18.70% and its return on assets is -19.20%. Amtech Systems, Inc. (NASDAQ:ASYS) quarterly performance is -17.21%.
LookSmart, Ltd. (NASDAQ:LOOK) a share moved down -14.14% in last trading session and was closed at $1.76, while trading in range of $1.70 – $2.00. LookSmart, Ltd. (NASDAQ:LOOK) year to date (YTD) performance is -14.14%.
TheStreet upgraded shares of Jiayuan.com International Ltd (NASDAQ:DATE) from a hold rating to a buy rating in a report issued on Wednesday, Stock Ratings News reports. Jiayuan.com International Ltd (NASDAQ:DATE) ended the last trading day at $5.31. Company weekly volatility is calculated as 4.75% and price to cash ratio as 1.99. Jiayuan.com International Ltd (NASDAQ:DATE) showed a negative weekly performance of -4.67%.
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