Tuesday, May 7, 2013

Small-Cap Tech Stocks Volatile on News: Renren, Active Network, Immersion, Ambarella Inc, SunPower, Yingli Green Energy, Rambus Inc.

The share price of Renren Inc (NYSE:RENN) gained 11.11% during last trading day, ending at $3.10 after Bloomberg reported that analysts expected the company will post a 41 percent jump in sales for the first quarter next week, compared with the company’s forecast of 37 percent to 43 percent. At latest ending price, the company has a market cap of $1.17 billion. The stock has a 52 week worst hit of $2.52 and a 52 week high of $6.81.
Active Network Inc (NYSE:ACTV) rose 9.01% to move at $6.05 as its revenue for the first quarter of 2013 beat estimates. The market value of this companyis$368.77 million. It has 3036 people in workforce, over the last 12 months has generated revenue of $418.89 million and has earnings of -$43.03million.
Immersion Corporation (NASDAQ:IMMR) traded 7.21% higher to close at $13.39, extending rally after it reported better-than-expected Q1 results. The stock closed at a distance of 24.19% from 20-day simple moving average. For this company, a return on equity of -11.88 percent has been realized due to the financial position.
In the last trading session, shares of Ambarella Inc (NASDAQ:AMBA) were up 5.30% to $14.70 after a Form 13F filing. Its price moved 37.67% above its 200 day moving average, changing hands as low as $13.99 per share.
SunPower Corporation (NASDAQ:SPWR) rose 6.66% to move at $15.86 after Jefferies analyst Scott Reynolds lifted the price target on the stock from $8.00 to $11.50, citing continued tailwinds in the Japanese market. In addition, The Street upgraded the stock to hold. The market value of this companyis$2.56 billion. It has 5020 people in workforce, over the last 12 months has generated revenue of $2.42 billion and has earnings of -$352.02million.
The share price of Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) gained 0.44% during last trading day, ending at $2.28 after an upbeat Seeking Alpha blog post. At last finishing price, the company has a market cap of $348.00 million. The stock has a 52 week worst hit of $1.25and a 52 week high of $3.78.
In the last trading session, shares of Rambus Inc. (NASDAQ:RMBS) were up 4.61% to $7.51. The stock has recently been downgraded from a “hold” rating to a “sell” rating at Thomson Reuters/Verus. Its price moved 44.73% above its 200 day moving average, changing hands as low as $7.12 per share.