Oversold with an Improving RSI – AMCN, FFIC, HPJ, KONG, LOGI
by Matt Tindall in Business on May 20, 2011
AirMedia Group Inc. (ADR) (NASDAQ:AMCN) went up 8.62%, to close at $3.78 and its overall traded volume was 410,770.00 shares in the last trading session. AMCN opened the day at $3.50, it made an intraday low of $3.50 and an intraday high of $3.81. The stock has a 52 week low of $2.83 and 52 week high of $8.24. AMCN’s market capitalization is $123.98M and it has 32.80M outstanding shares.Airmedia Group Inc. is a holding company, which conduct operations through its subsidiaries, consolidated variable interest entities and the variable interest entities’ subsidiaries in the People’s Republic of China. It operates the digital media network in the People’s Republic of China focused on air travel advertising. As of April 30, 2010, the Company operated digital frames in 33 airports in the People’s Republic of China, and digital television screens in 37 airports.
Flushing Financial Corporation (NASDAQ:FFIC) moved up 0.74%, to close at $13.61 and its overall traded volume was 72,017.00 shares in the last trading session. FFIC opened at $13.58 and is trading within the range of $13.39-$13.67. The stock has a 52 week range of $10.51 – $15.15. The market capitalization of the company stands at $426.50M and it has 31.34M outstanding shares.Flushing Financial Corporation is a unitary savings and loan holding company that operates through its wholly owned subsidiary, Flushing Savings Bank, FSB (the Savings Bank). The Savings Bank is a federally chartered stock savings bank. Savings Bank’s principal business is attracting retail deposits from the general public, and investing those deposits together with funds generated from operations and borrowings, primarily in originations and purchases of one- to four-family, multi-family residential and commercial real estate mortgage loans; construction loans; Small Business Administration loans and other small business loans; mortgage loan surrogates and the United States Government securities, corporate fixed-income securities and other marketable securities. It also originates certain other consumer loans. The Savings Bank owns four subsidiaries: Flushing Commercial Bank, Flushing Preferred Funding Corporation, Flushing Service Corporation and FSB Properties Inc.
Hong Kong Highpower Technology, Inc. (NASDAQ:HPJ) percentage change surged 5.83%, to close at $2.16 and its overall traded volume was 51,860.00 shares in the last trading session. HPJ opened at $2.11 and is trading within the range of $2.10-$2.16. The stock has a 52 week range of $1.83 – $4.80. The market capitalization of the company stands at $29.32M and it has 13.58M outstanding shares.Highpower International, Inc. (Highpower), formerly Hong Kong Highpower Technology, Inc., operates through its 100%-owned subsidiaries Hong Kong Highpower Technology Co., Ltd (HKHTC); Shenzhen Highpower Technology Co., Ltd (SZ Highpower); HZ Highpower Technology Co., Ltd (HZ Highpower); Spring Power Technology (Shenzhen) Co., Ltd (SZ Spring Power), and Ganzhou Highpower Technology Co., Ltd (GZ Highpower). SZ Highpowe and SZ Spring Power are engaged in the manufacturing of batteries. HKHTC is engaged in investment holding activities. The Company’s products include ready to use batteries, rapid charge batteries, consumer high capacity batteries, vaccum cleaner batteries, power tools batteries and electric bike batteries. As of September 30, 2010, HZ Highpower was inactive and GZ Highpower had not commenced its operations. Springpower International, Inc. (Springpower International) is an associate of the Company, which is engaged in the research and development of batteries.
KongZhong Corporation (ADR) (NASDAQ:KONG) surged 7.85%, to close at $6.18 and its overall traded volume was 426,897.00 shares in the last trading session. KONG opened the day at $5.80, it made an intraday low of $5.77 and an intraday high of $6.18. The 52-week range of the stock is $5.23 – $10.79. KONG’s market capitalization is $5.44M and it has 880,870.00 outstanding shares.KongZhong Corporation (KongZhong) is a provider of digital entertainment services for consumers in the People’s Republic of China. The Company operates four business units: wireless value-added services (WVAS), wireless Internet services (WIS), mobile games and online games. The Company provides WVAS to mobile phone users. The Company began its online games business in 2010. The Company conducts all of its business in the People’s Republic of China through its wholly owned subsidiaries in the People’s Republic of China, KongZhong Information Technologies (Beijing) Co., Ltd, KongZhong China Co., Ltd. and Simlife (Beijing) Science Co., Ltd. In October 2009, the Company acquired 100% of an online Chinese-language Company, Nanjing Net Book Culture Co., Ltd. and its related party (Success Blueprint). On June 22, 2009, the Company acquired a 100% equity interest in Simlife International, Inc. On January 14, 2010, the Company acquired Shanghai Dacheng Network Technology Co., Ltd.
Logitech International SA (USA) (NASDAQ:LOGI) surged 1.59%, to close at $12.77 and its overall traded volume was 1.76M shares in the last trading session. LOGI opened at $12.70 and is trading within the range of $12.67-$12.91. The stock has a 52 week range of $12.24 – $23.29. LOGI’s market capitalization is $2.45B and it has 191.61M outstanding shares.Logitech International S.A. (Logitech) is a provider of personal peripherals for computers and other digital platforms. The Company develops and markets products in personal computer (PC) navigation, Internet communications, digital music, home-entertainment control, gaming and wireless devices. With its acquisition of LifeSize Communications, Inc. on December 11, 2009, the Company entered the market for enterprise video conferencing products and services. The Company operates in two industry segments, personal peripherals and video conferencing. The personal peripherals segment encompasses the design, manufacturing and marketing of personal peripherals for PCs and other digital platforms. The video conferencing segment consists of the LifeSize division, and encompasses the design, manufacturing and marketing of high-definition (HD) video and audio communication products for the enterprise and small-to-medium business markets. In July 2010, it acquired Paradial AS.
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