Senior Vice President at AOL, Inc (NYSE:AOL) David Temkin, who manages technology products comprising mobile software and e-mail, is quitting from the Internet portal amid a overhauling of its technology portfolio.
AOL reported in a statement on Thursday that Temkin will quit after the end of current year, Temkin is the third consumer technology head to quit in below 2 years period.
The action comes as the company shifts from having a devoted group of mobile engineers to a structure where developers will work within the AOL’s various media brands, like Engadget and Moviefone, to make new mobile software.
The departure of Temkin underscores the difficulties AOL may be having in keeping technology-oriented workers.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Microsoft Corporation (NASDAQ:MSFT) fell -0.67% to settle at $26.66, Rediff.com India Limited (ADR) (NASDAQ:RED) moved up +3.21% to end at $2.25 while Demand Media Inc (NYSE:DMD) jumped +0.50% to finish at $8.10 on Thursday.
AOL, Inc. (NYSE:AOL) last session’s volume of 2.67 million shares was surprisingly higher than its average volume of 2.12 million shares. The stock after opening at $36.30 hit high price of $36.93 and then closed at $35.07 by scoring -3.55%.
The liquidity measure in recent quarter results of the company was recorded 1.35 as current ratio and on the other side the debt to equity ratio was 0.05 and long-term debt to equity ratio remained at 0.03. The Company had total cash of $867.10 million at hand and a book value per share as $23.11 in the most recent quarter.
The stock’s price volatility was 5.15% for a week and 5.15% for a month as well as price volatility’s Average True Range for 14 days was 1.72.
AOL generated revenue of $2.17 billion in the previous twelve months and earned $1.04 billion. The Company showed a positive 47.72% in the net profit margin as well as in its operating margin which remained at 54.79%. Company’s annual sales growth for the past five years was -22.32%.
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