Finance

Tech Sector Bearish Stocks: Superconductor Technologies (NASDAQ:SCON), China Mobile Games & Entnmnt (NASDAQ:CMGE), On Track Innovations (NASDAQ:OTIV), Elephant Talk Communications (NYSEMKT:ETAK)

Shares of Superconductor Technologies Inc. (NASDAQ:SCON) moved lower Thursday after the company posted larger losses during the fourth quarter amid sharply declining revenue. Superconductor Technologies, Inc. (NASDAQ:SCON) stock performance was -9.94% in last session and finished the day at $2.81. Traded volume was 804.5K shares in the last session and the average volume of the stock remained 451.51K shares. The beta of the stock remained 2.74. Superconductor Technologies, Inc. (NASDAQ:SCON) insider ownership is 0.70%.

China Mobile Games and Entertainment Group Limited NASDAQ:CMGE), the largest publisher and a leading developer of mobile games in China, today announced the closing of its follow-on public offering of 3,442,000 American depositary shares (“ADSs”) of the Company at US$24.00 per ADS. China Mobile Games and Entertainment Group Limited NASDAQ:CMGE) dropped -5.02 percent to $19.11 Thursday on volume of 705.5K shares. The intra-day range of the stock was $18.51 to $20.10. China Mobile Games and Entertainment Group Limited NASDAQ:CMGE) has a market capitalization of $501.84million.

On Track Innovations Ltd. (USA) (NASDAQ:OTIV) released its earnings data on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.08, AR Network reports. On Track Innovations Ltd. (USA) (NASDAQ:OTIV)’s stock on Mar 27, 2014 reported a decrease of -11.30% to the closing price of $2.67. Its fifty two weeks range is $0.82 -$4.38. The total market capitalization recorded $87.30million. The overall volume in the last trading session was 1.04million shares. In its share capital, OTIV has 32.79million outstanding shares.

Elephant Talk Communications Corp (NYSEMKT:ETAK) saw its market capitalization gain by close to 19 percent on 26th March, after the firm announced its 4Q and full year 2013 operation results in addition to change of personnel in its board of directors. On Thursday, shares of Elephant Talk Communications Corp (NYSEMKT:ETAK) dropped -9.85% to close the day at $1.19. Company return on investment (ROI) is -83.30% and its monthly performance is recorded as -12.50%. Elephant Talk Communications Corp (NYSEMKT:ETAK) quarterly revenue growth is -3.25%.