Stocks To Watch: GTT Communications Inc (NYSEMKT: GTT), Lentuo International Inc (ADR) (NYSE:LAS), Qiwi PLC (NASDAQ:QIWI), TeleCommunication Systems (NASDAQ:TSYS)

Technology Stocks News 8

GTT Communications Inc (NYSEMKT: GTT) announced May 22. 2014 the pricing of a public offering of 3,000,000 shares of common stock at a purchase price of $7.75 per share. The net proceeds to GTT from this offering are expected to be approximately $21.5 million, after deducting underwriting discounts and other estimated offering expenses payable by GTT. GTT has also granted the underwriters an option to purchase up to 450,000 additional shares of common stock to cover over-allotments, if any. The offering is expected to close on May 28, 2014, subject to customary closing conditions. GTT Communications Inc (NYSEMKT: GTT) stock performance was 15.25% in last session and finished the day at $9.07. Traded volume was 1,339,700 shares in the last session and the average volume of the stock remained 86.30 thousand shares. The beta of the stock remained 0.50.

In a letter to shareholders, Lentuo International Inc (ADR) (NYSE:LAS) Chairman Hetong Guo said it expects 2014 demand will be boosted through rapid urbanization, economic stimulus measures, and falling car prices. Guo also said that Beijing remained its principal market and car owners from the initial boom four to five years ago are beginning to look for replacement vehicles. Guo said the company intends to explore the emerging market for pre-owned vehicles from its epicenter. It also expects the O2O business will have a first-mover advantage, since O2O channels are relatively new to China and buyers still need to test-drive vehicles from a physical dealership. Lentuo International Inc (ADR) (NYSE:LAS) dropped -5.79 percent to $1.79 yesterday on volume of 301,800 million shares. The intra-day range of the stock was $1.70 to $2.23. Lentuo International Inc (ADR) (NYSE:LAS) has a market capitalization of $52.75 million.

Qiwi PLC (NASDAQ:QIWI) announced May 22, 2014 that the record date for its recently declared dividend of 29 cents per share has been changed to June 2, 2014 from the previously announced date of June 1, 2014. The change assures the dividend record date is consistent with NASDAQ notice requirements. The dividend payment date remains June 3, 2014 as originally announced. Qiwi PLC (NASDAQ:QIWI)’s stock on May 22, 2014 reported an increase of 6.58% to the closing price of $44.89. Its fifty two weeks range is $14.51 -$59.24. The total market capitalization recorded $4.11 billion. The overall volume in the last trading session was 1,364,900 shares. In its share capital, Qiwi PLC (NASDAQ:QIWI) has 53.33 million outstanding shares.

TeleCommunication Systems, Inc. (NASDAQ:TSYS) has been selected as an awardee under the Department of Homeland Security ‘s Enterprise Acquisition Gateway for Leading Edge II contract in Functional Category 1, Service Delivery, on the Unrestricted Track. This Indefinite Delivery – Indefinite Quantity five-year vehicle has an additional two-year option period and an estimated seven-year overall program contract ceiling of $22B. On Thursday, shares of TeleCommunication Systems, Inc. (NASDAQ:TSYS) advanced 4.78% to close the day at $3.29. Company return on investment (ROI) is -18.20% and its monthly performance is recorded as 27.52%. TeleCommunication Systems, Inc. (NASDAQ:TSYS) quarterly revenue growth is 49.55%.

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