Shares of SRS Labs, Inc. (NASDAQ:SRSL) increased 37 percent on Tuesday on news that DTS Inc. (NASDAQ:DTSI) intends to purchase the audio-technology firm in a cash-and-stock deal worth at $9.50 per share. The firms hooked the largely value of the deal at $148 million, counting net cash of around $38 million as of Dec. 31. The proposal represents a 38 percent premium over SRS’s closing price on Monday.
Turning towards the investors who viewing DTSI against Microsoft Corporation (NASDAQ:MSFT) rose +1.17%, Oracle Corporation (NASDAQ:ORCL) grew +2.25%, Vringo, Inc. (NYSEAMEX:VRNG) slid -3.27%, CA, Inc. (NASDAQ:CA) edged up +1.39%, Verisign, Inc. (NASDAQ:VRSN) which also increased +3.23% and Intuit Inc. (NASDAQ:INTU) moved up +2.04%.
DTS Inc. (NASDAQ:DTSI) stock in last session held volume of 188,015.00 shares as compare to its average volume of 131,766.00 shares. The stock after opening at $29.83 hit high price of $31.10 and then closed at $30.24 by scoring +1.65%.
As the revenue measures DTSI generated revenue of 96.42 million in the following twelve months income of $18.27 million. The Company showed a positive 18.85% in the net profit margin and in addition to in its operating margin which remained 30.56%. Company’s annual sales growth for the past five year was 14.14%.
The stock showed weekly upbeat performance of 1.37% which was maintained for the month at 7.01%. Likewise the positive performance for the quarter was recorded as 10.53% and for the year was -31.24% while the YTD performance remained at 11.01%.
The DTSI past twelve months price to sales ratio was 5.15 and price to cash ratio remained 5.83. As far as the returns are concern, the DTSI return on equity was recorded as 12.45% and increased 11.79% return on investment while its return on asset stayed at 11.01%.
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