Mix Wondering Stocks- Renren Inc. (NYSE:RENN), CounterPath (NASDAQ:CPAH), Methode Electronics (NYSE:MEI)

Renren Inc. (NYSE:RENN) [Trend Analysis] luring active investment momentum, shares a loss -2.35% to $1.66. Renren Inc. (RENN) declared on Thursday that a loss of $22.8 million in its third quarter. The Beijing-based company said it had a loss of 7 cents per share. Losses, adjusted for stock option expense, were 5 cents per share. The social network posted income of $17.9 million in the period.

For the current quarter ending in December, Renren said it expects income in the range of $18.5 million to $20.5 million. The total volume of 545518 shares held in the session was surprisingly higher than its average volume of 541.22 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -930.00%, and looking further price to next year’s EPS is 20%. While take a short look on price to sales ratio, that was 11.07.

Several matter pinch shares of CounterPath Corporation (NASDAQ:CPAH) [Trend Analysis], as shares moving up 2.55% to $2.01 with a share volume of 12786. CounterPath Corporation (NASDAQ:CPAH) declared the closing of a non-brokered private placement of 454,097 shares of common stock of the Company at a price of US$2.05 per Share for total gross proceeds of US$930,898.85.

The net proceeds from the Offering will be used to: (1) market Bria X, the Company’s Unified Communications-as-a-Service (UCaaS) offering that overlays existing PBX and VoIP Services and adds provisioning, messaging, presence and screen sharing; (2) expand sales and business development resources; (3) fund development for integration of the Company’s UC solutions with other enterprise applications; and (4) for general corporate purposes. The stock is going forward its 52-week low with 11.05% and moving down from its 52-week high price with -47.79%. To have technical analysis views, liquidity ratio of a company was calculated 1.40 as evaluated with its debt to equity ratio of 0.00. The float short ratio was 0.04%, as compared to sentiment indicator; Short Ratio was 0.29.

Shares of Methode Electronics, Inc. (NYSE:MEI) [Trend Analysis] runs in leading trade, it plunging -1.64% to traded at $42.05. The firm has price volatility of 2.32% for a week and 3.01% for a month. Its beta stands at 1.03 times. Methode Electronics, Inc. (NYSE: MEI) declared that its board of directors has declared a quarterly dividend of $0.09 per share to be paid on January 27, 2017, to common stockholders of record at the close of business on January 13, 2017. Narrow down four to firm performance, its weekly performance was 0.47% and monthly performance was 18.26%. The stock price of MEI is moving up from its 20 days moving average with 7.70% and isolated positively from 50 days moving average with 18.04%.


Steve Hart

Steve Hart is a longtime business journalist who has covered everything from municipal bonds to management, major banks and MBA programs. Prior to becoming a writer at Seneca Globe News, Steve Hart was a securities analyst and a budget and fiscal analyst. Steve can be reached at steve.hart@senecaglobe.com

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