Tech Stocks in News: Mandalay Digital Group (MNDL), Microvision, Inc. (MVIS), Vimicro International Corporation (NASDAQ:VIMC), China BAK Battery Inc. (CBAK)


Hollywood Software Company Mandalay Digital Group Inc (NASDAQ:MNDL) announced Monday it had partnered with nine new ad networks and direct advertisers. On last trading day Mandalay Digital Group Inc (NASDAQ:MNDL) ended up -9.35% lower to close at $4.17 while trading in the range of $4.10 – $4.25. Its return on assets (ROA) is -82.50% while return on investment (ROI) is -189.20%.

Trade-Ideas LLC identified Microvision Inc. (NASDAQ:MVIS) as a “perilous reversal” (up big yesterday but down big today) candidate. Microvision, Inc. (NASDAQ:MVIS) in last trading activity ended up at $2.15 with day range of $2.10 – $2.35. Company weekly performance is 4.37% while its quarterly performance stands at 62.88%. Microvision, Inc. (NASDAQ:MVIS) is -38.40% away from its 52 week high.

Vimicro International Corporation (ADR) (NASDAQ:VIMC) expects to report Q4 revenue of $21M-$22M, well above prior guidance of $13.5M-$15.5M. The video processor/surveillance camera IC developer is also guiding for Q1 revenue of $15M-$17M, up from a year-ago level of $7.9M. Vimicro International Corporation (ADR) (NASDAQ:VIMC) belongs to Technology sector with market capitalization of 115.04 M and has 1.29% insider ownership. In last trading activity company’s stock closed at $4.00 while opening price was $4.23.

China BAK Battery Inc. (NASDAQ:CBAK) was part of the beneficiaries in the excitement being seen in the lithium battery market. The stock gained from the upward rally seen in the stock of peers. Generally traders are convinced that the good tide that is seen in other lithium stocks will eventually catch up with CBAK. And when that happens, it will be good news all through. On Tuesday shares of China BAK Battery Inc. (NASDAQ:CBAK) opened at $4.10 and closed at $3.75. This year Company’s Earnings per Share (EPS) growth is -76.40%. Analysts mean target price for China BAK Battery Inc. (NASDAQ:CBAK) is $2.00.

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