Tech Stocks In Bullish Zone: Wireless Telecom Group (NYSEMKT:WTT), Mandalay (NASDAQ:MNDL), Rubicon Technology (NASDAQ:RBCN), IMS Health (NYSE:IMS), ReneSola (NYSE:SOL)

Technology Stocks News 19

On June 11, 2014, the Board of Directors (the “Board) of Wireless Telecom Group, Inc. (NYSEMKT:WTT) appointed Mr. Don Carlos Bell III to the Board. Mr. Bell will also serve as a member of the Board’s Compensation Committee. Wireless Telecom Group Inc (NYSEMKT:WTT) stock performance was 5.36% in last session and finished the day at $2.75. Traded volume was 92.50K shares in the last session and the average volume of the stock remained 63.11K shares. The beta of the stock remained 0.63. Wireless Telecom Group Inc (NYSEMKT:WTT) insider ownership is 1.40%.

Mandalay Digital Group, Inc. (NASDAQ:MNDL), a leading provider of mobile technology solutions, announced on 12 June 2014 that it has expanded its relationship with Smart to include direct billing connectivity with its DT Pay product. Mandalay Digital Group Inc (NASDAQ:MNDL) rose 6.02 percent to $4.05 Wednesday on volume of 360.20K shares. The intra-day range of the stock was $3.84 to $4.12. Mandalay Digital Group Inc (NASDAQ:MNDL) has a market capitalization of $149.93million.

Rubicon Technology Inc (NASDAQ:RBCN)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a research report issued to clients and investors on Friday. They currently have a $10.00 price target on the stock, down from their previous price target of $14.00. Canaccord Genuity’s price target points to a potential upside of 27.06% from the company’s current price. Rubicon Technology, Inc. (NASDAQ:RBCN)’s stock on June 25, 2014 reported a increase of 5.85% to the closing price of $8.86. Its fifty two weeks range is $6.93 -$14.67. The total market capitalization recorded $231.75million. The overall volume in the last trading session was 555.60K shares. In its share capital, RBCN has 26.16million outstanding shares.

IMS Health Holdings Inc (NYSE:IMS) advanced nearly 8 percent today after the healthcare information company said that it would acquire two businesses from Cegedim in a cash deal valued at nearly $520 million. IMS shares are trading in the range of $24.25 to $25.01. The company has a market capitalization of $8.30 billion. On Wednesday, shares of IMS Health Holdings Inc (NYSE:IMS) advanced 7.63% to close the day at $24.98. Company return on investment (ROI) is 8.30% and its monthly performance is recorded as 3.01%.

ReneSola Ltd. (ADR) (NYSE:SOL) on June 12 announced that Solar Insurance & Finance (“Solarif”), an international and independent insurance broker specializing in insurance for PV installations, has certified ReneSola modules based on a positive audit of the Company involving relevant technical, financial, environmental, and labor considerations. ReneSola Ltd. (ADR) (NYSE:SOL) stock performance was 5.23% in last session and finished the day at $3.02. Traded volume was 1.74million shares in the last session and the average volume of the stock remained 2.56million shares. The beta of the stock remained 3.33. ReneSola Ltd. (ADR) (NYSE:SOL) insider ownership is 55.27%.

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone