Fast moving stocks in the technology sector over the week were spearheaded by Cypress Semiconductor Corporation (NASDAQ:CY), whose weekly performance and profit margin improved.
Cypress Semiconductor Corporation is better known for its programmable system-on-chip families (PSoC 5LP, PSoC 1, PSoC 3, and PSoC 4). Cypress Semiconductor Corporation currently carries Zacks Rank number one or Strong Buy. Along with this rating is the company’s improved profit margin at -2.90% and amplified market performance for the week at 1.17%. The preferred shares of Cypress Semiconductor Corporation ended up $10.38 on the record. Its simple moving average for 50 days, on the other hand, stood tall at -1.86%.
Following Cypress Semiconductor Corporation is GTx Inc. (NASDAQ:GTXI). The financial reports of GTx Inc. for the first semester were released last August 5. The shares of the company remained consistent and ended at $1.03. The return of assets of GTXI is -168.30%. Furthermore, its quarterly performance is -26.43%. The plausible weekly performance of GTx Inc. is driven by the firm’s enobosarm clinical development progress. The modulator of androgen receptor is marketed as an oral selective. GTx Inc. also includes its study on secondary hormonal therapy in men suffering from prostate cancer resistant from castration. Presently, it has its GTx-758 estrogen receptor alpha agonist in non-steroidal oral form.
The quarterly earnings of Inland Real Estate Corp. (NYSE:IRC) subsequently showed its management’s good performance. On Thursday, Inland Real Estate Corp. apparently missed the approximated $0.24 consensus projection by reporting $0.23 EPS. A downtrend in shares is also reported on August 15, which closed at $10.40 (-0.38% decline). For the last five years, Inland Real Estate Corp. exhibited a 17.20% expansion. The year to date performance of IRC is registered 2.06%.
Fast moving stocks over the week also accented Alaska Communications Systems Group, Inc. (NASDAQ:ALSK). ALSK disclosed its second quarter report and closed at $1.79 during its last trading day. The company has its 3.20 price to cash ratio and 2.39% volatility. A weekly performance of ALSK has been recorded -1.65%, which ended June 30, 2014.
On Thursday, Empire Resources (NYSE: ERS) also released its earnings for the previous quarter. It disclosed a $0.17 EPS and a total revenue of $146.52 million. Its returns outperformed the $110.47 million consensus approximation. ETS shares surged by 2.61% during its last trading day and submitted its $5.90 finishing report. Return on Empire Resources assets is 1.60%, whereas its gross margin is 4.40%. Also, the quarterly performance of Empire Resources closed at 43.20%.