Tech Stocks Touching New Lows: Novatel Wireless (NASDAQ:NVTL), Majesco Entertainment (NASDAQ:COOL), Ambient Corporation (NASDAQ:AMBT), Advantest (NYSE:ATE)
Novatel Wireless (NASDAQ:NVTL)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Friday, Analyst Ratings.Net reports. They currently have a $2.00 price objective on the stock. Zacks‘s target price points to a potential upside of 5.26% from the stock’s previous close. Novatel Wireless Inc (NASDAQ:NVTL) shares after opening at $1.88 moved to $1.94 on last trade day and at the end of the day closed at $1.91. Company price to sales ratio in past twelve months was calculated as 0.19 and price to cash ratio as 1.62. Novatel Wireless Inc (NASDAQ:NVTL) showed a negative weekly performance of -8.61%.
Majesco Entertainment Company (NASDAQ:COOL),An innovative provider of video games for the mass market, reported financial results for the first quarter of fiscal 2014 ended January 31, 2014.For the first quarter ended January 31, 2014, the Company’s net revenues were $21.9 million versus $23.5 million in the year ago period, a decline of 7 percent. Majesco Entertainment Co. (NASDAQ:COOL) shares fell -8.06% in last trading session and ended the day on $0.460. COOL return on equity ratio is recorded as -71.60% and its return on assets is -45.20%. Majesco Entertainment Co. (NASDAQ:COOL) yearly performance is -19.35%.
Ambient Corporation (Nasdaq:AMBT) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its deteriorating net income, weak operating cash flow and feeble growth in its earnings per share. Ambient Corporation (NASDAQ:AMBT) shares moved down 1.54% in last trading session and was closed at $1.54, while trading in range of $1.50-$1.65. Ambient Corporation (NASDAQ:AMBT) year to date performance is -42.11%.
Leading semiconductor test equipment supplier Advantest Corporation (NYSE:ATE) has announced the launch of its new low-cost, multi-purpose terahertz spectroscopy system, the TAS7400 Series.Based on Advantest’s flagship terahertz product, the TAS7500 high-end terahertz spectroscopic system, the TAS7400 utilizes terahertz waves to deliver non-destructive spectroscopic analysis within a desktop form factor. It offers comparable measurement accuracy to the TAS7500, at a lower price range. The more affordable pricing makes terahertz spectroscopic analysis more accessible to R&D users in a broad range of sectors, and is expected to accelerate adoption of this technology.Advantest Corp (ADR) (NYSE:ATE) weekly performance is -2.94%. On last trading day company shares ended up $9.91. Advantest Corp (ADR) (NYSE:ATE) distance from 50-day simple moving average is -9.79%. Analysts mean target price for the company is $28.00.