The Waterloo, Ontario-based Research In Motion Limited (USA) (NASDAQ:RIMM), struggling with falling sales and shrinking market share, moved up on Wednesday amid speculation by a Jefferies & Co analyst that Samsung Electronics Co may license the stressed Research In Motion latest software or consider acquiring the BlackBerry maker.
Shares of the company surged 4.2% to settle in New York at $7.62. Jefferies analyst Peter Misek reported on Wednesday that corporation may be attempting to refresh talks with Samsung to license its BlackBerry 10 software.
Misek wrote in a note on Wednesday that Samsung was mulling over ramping up its internal development attempts, licensing BB10 or acquiring Research In Motion. Misek further stated that Samsung was undecided.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Nokia Corporation (ADR) (NYSE:NOK) increased +0.75% to settle at $2.67, Ericsson (ADR) (NASDAQ:ERIC) moved up +1.58% to end at $9.66 while Garmin Ltd.(NASDAQ:GRMN) jumped +0.61% to finish on Wednesday at $40.98.
Research In Motion Limited (USA) (NASDAQ:RIMM) last session volume of 57.48 million shares was surprisingly higher than its average volume of 22.84 million shares. The stock after opening at $7.38 hit high price of $8.25 and then closed at $7.62 by scoring +4.24%.
The liquidity measure in recent quarter results of the company was recorded 2.06 as current ratio and on the other side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 0.00. The Company had total cash at hand $1.94 billion and a book value per share as $18.61 in the most recent quarter.
The stock price volatility was 6.20% for a week and 5.09% for a month as well as price volatility’s Average True Range for 14 days was 0.41 and its beta remained 1.69.
RIMM generated revenue of 16.34 billion in the following twelve months and earned -$49.00 million. The Company showed a negative -0.30% in the net profit margin and as well as in its operating margin which remained -0.31%. Company’s annual sales growth for the past five years was +43.43%.
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