NASDAQ New Lows: Hardinge (NASDAQ:HDNG), Trans World Entertainment (NASDAQ:TWMC), AXT (NASDAQ:AXTI), SCYNEXIS (NASDAQ:SCYX), FreeSeas (NASDAQ:FREE)

Technology Stocks News 15

On May 6, 2014, Hardinge Inc. (NASDAQ:HDNG) held its 2014 Annual Meeting of Shareholders (the “Annual Meeting”). The total number of shares of the Company’s common stock, par value $0.01 per share, voted in person or by proxy at the Annual Meeting was 11,614,916, representing approximately 92.28% of the 12,586,352 shares outstanding and entitled to vote at the Annual Meeting. Hardinge Inc. (NASDAQ:HDNG) stock performance was -1.08% in last session and finished the day at $11.46. Traded volume was 107.80K shares in the last session and the average volume of the stock remained 43.02K shares. The beta of the stock remained 1.30. Hardinge Inc. (NASDAQ:HDNG) insider ownership is 2.80%.

Trans World Entertainment Corp. (NASDAQ:TWMC) said it lost $400,000 in the first quarter ending May 3, compare to net income of $1.6 million a year earlier. While comparable store sales edged up 0.3 percent from a year ago, total sales fell 7.2 percent to $87.2 million from $93.9 million last year, thanks for continuing contraction in the number of stores the company operates, down 20 over the past year to 333. Trans World Entertainment Corporation (NASDAQ:TWMC) dropped -1.86 percent to $3.16 Tuesday on volume of 84.40K shares. The intra-day range of the stock was $3.16 to $3.27. Trans World Entertainment Corporation (NASDAQ:TWMC) has a market capitalization of $100.71million.

AXT, Inc. (NASDAQ:AXTI) held its Annual Meeting of Stockholders (“Annual Meeting”) on May 13, 2014. AXT Inc (NASDAQ:AXTI)’s stock on June 24, 2014 reported a decrease of -0.96% to the closing price of $2.07. Its fifty two weeks range is $2.06 -$2.86. The total market capitalization recorded $67.49million. The overall volume in the last trading session was 54.60K shares. In its share capital, has 32.59million outstanding shares.

SCYNEXIS Inc (NASDAQ:SCYX)’s quiet period is set to end on Wednesday, June 11th. SCYNEXIS had issued 6,200,000 shares in its IPO on May 2nd, Stock Ratings Network reports. The total size of the offering was $62,000,000 based on an initial share price of $10.00. During SCYNEXIS’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. On Tuesday, shares of SCYNEXIS Inc (NASDAQ:SCYX) dropped -1.88% to close the day at $8.35. Company monthly performance is recorded as -7.33%.

FreeSeas Inc (NASDAQ:FREE) on June 2 announced that on May 30, 2014, it paid $22.6 million in full settlement of $37.6 million of debt owed to Credit Suisse using funds from the $25 million proceeds of the Company’s sale of the Series D Convertible Preferred Stock and Series C Warrants concluded on May 28, 2014. FreeSeas Inc (NASDAQ:FREE) stock performance was -5.03% in last session and finished the day at $0.740. Traded volume was 930.20K shares in the last session and the average volume of the stock remained 804.42K shares. The beta of the stock remained 3.27. FreeSeas Inc (NASDAQ:FREE) insider ownership is 9.90%.

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