On April 21, 2014, Plug Power Inc (NASDAQ:PLUG), announced that it is creating a joint venture with South Korean steel supplier Hyundai HYSCO (KRX:010520), which supplies steel to Hyundai Motor Co (KRX:005380). Plug Power said they would be working on developing and then selling hydrogen fuel cells in Asia. The company said they are still finalizing all of the details on the agreement but plan to have it complete no later than July 31. Plug Power Inc (NASDAQ:PLUG), shares after opening at $7.61 moved to $8.37 on last trade day and at the end of the day closed at $7.01. Company price to sales ratio in past twelve months was calculated as 41.16 and price to cash ratio as 91.67. Plug Power Inc (NASDAQ:PLUG), showed a negative weekly performance of 3.84%.
TeleCommunication Systems, Inc. (NASDAQ:TSYS), was a big mover last session with shares rising over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the past one month’s volatile price range of $2.11 to $2.35. TeleCommunication Systems, Inc. (NASDAQ:TSYS), shares advanced 5.49% in last trading session and ended the day on $2.69. TeleCommunication Systems, Inc. (NASDAQ:TSYS), return on equity ratio is recorded as -39.30% and its return on assets is -15.50%. TeleCommunication Systems, Inc. (NASDAQ:TSYS), yearly performance is 36.55%.
On April 20, 2014, KongZhong Corporation (ADR) (NASDAQ:KONG), a leading provider of digital entertainment services for consumers in the PRC, has officially announced, the “WAR SAGA” brand, “the leading brand for online military games in China“, at a press conference at the Wangzuo Film Production Base in Beijing. Attendees at the event included Leilei Wang, the Chairman and CEO of KongZhong Corporation (ADR) (NASDAQ:KONG), Victor Kislyi, the founder and CEO of Wargaming, Oleg Gotynyan, the development director of War of Warplanes, Jiayao Dong, the vice president of Phoenix TV and famous TV host of military programs, General Wenlong Du, a renowned Chinese military expert,Xiaosong Gao, a famous musician and military enthusiast, the management team of KongZhong Corporation (ADR) (NASDAQ:KONG), and Wargaming as well as over a hundred key media organizations and hundreds of fans of War Saga games. KongZhong Corporation (ADR) (NASDAQ:KONG), shares moved up 3.71% in last trading session and was closed at $11.19, while trading in range of $ 10.33 – 11.35. KongZhong Corporation (ADR) (NASDAQ:KONG), year to date (YTD) performance is 54.99%.
On April 16, 2014, Zhone Technologies Inc (NASDAQ:ZHNE), a global leader in FTTx network access solutions, announced a new FiberLAN deployment with Aljabr Group at its Alfarouq Residential Compound, located in Jubail Industrial City, Saudi Arabia. The deployment was made possible through a strategic partnership with Global Business Solutions (GBS) ( http://www.gbs.com.sa/ ). Through the deployment, the residential compound now provides IPTV services, IP telephony, a CCTV camera system, high-speed Internet and a digital signage system over its GPON network. Zhone Technologies Inc (NASDAQ:ZHNE), weekly performance is 0.25%. On last trading day company shares ended up $3.99. Zhone Technologies Inc (NASDAQ:ZHNE), distance from 50-day simple moving average (SMA50) is -2.74%. Analysts mean target Price for the company is $8.00.
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