Google Inc (NASDAQ:GOOG)’s services are blocked in Egypt to get rid of the Anti-Muslim movie on YouTube. The top manager of Egypt’s National Telecommunication Regulatory Authority, Abdal-Rahamn al-Sawi, said that they closed the operations of GOOG, so that they can abolish the residual possibility of accessing the devilish movie.
The central court of Egypt ordered the local servers to terminate the link with the search giant’s mainframe as soon as possible. The country’s administrative court placed a verdict that the video sharing site should be banned for a month, in response to the publication of the hateful video towards the Muslims.The court put forth the featured verdict after reviewing a grievance from a local citizen, who reported the video has the potential of disturbing the peace in the country.
Shifting reader’s focus to the broader market, let us consider the market performance of other stocks that significantly affect the same sector. Baidu.com, Inc. (ADR) (NASDAQ:BIDU) fell -0.87% to settle at $95.53, Yandex NV (NASDAQ:YNDX) moved up +0.20% to end at $24.98, while Yahoo! Inc. (NASDAQ:YHOO) jumped +1.48% to finish at $21.21 on Tuesday.
Google Inc (NASDAQ:GOOG), on Feb 12, 2013, decreased -0.22% to the closing price of $780.70. The overall volume in the last trading session was 2.16 million shares. Its fifty two weeks range was $556.52 – $787.90. The total market capitalization remained at $257.37 billion.
GOOG is ahead of its 52-week low 40.28% and is lagging behind its 52-week high price -0.76%. GOOG’s last month’s stock price volatility remained 1.61%. In its share capital, GOOG has 329.66 million outstanding shares, among them 264.18 million shares have been floated in the market exchange. GOOG’s stock’s institutional ownership remained 84.97% while insider ownership was 0.05%.
The stock price of GOOG is moving forward from its 20 days moving average 4.39% and is moving positively from its 50 days moving average 7.57%. GOOG’s current year’s earnings per share experienced an addition of 9.10%, while its current quarter performance remained at 17.75%. Company’s beta coefficient was 1.01. Beta factor measures the amount of market risk associated with market trade.
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