Major Corrections at NASDAQ Business Software and Services Industry: (HSFT, LAVA, QLIK, TIBX, INFA)
HiSoft Technology Internatnl Ltd (ADR) (NASDAQ:HSFT) reported the fall of 5.12% to close at $10.93 with overall traded volume of 1.76 million shares in the last trading session. The company stands in profit with the profit margin of 7.43%. The company is in highly profitability with ROE of 9.07%.
Magma Design Automation, Inc. (NASDAQ:LAVA) also seen huge loser of more than 4 percent at the NASDAQ Exchange on Tuesday session. The company traded more than 1.69 million shares before closing at $5.53 per share. The currently market price is 26.62 percent less than its last 50 days simple moving average. The Relative Strength Index value at 28.38 times depicts that the current share value is in highly oversold level.
Qlik Technologies Inc (NASDAQ:QLIK) was the loser at NASDAQ on Tuesday with the percentage of 4.80. The company traded more than 1.35 million shares. The company closed the day out at $28.35 as compare to its average volume stood at 1.42 million. Its price to earnings ratio stands at 945 times till its last closing session.
Tibco Software Inc. (NASDAQ:TIBX) plunged by 4.70 percent and closed at $22.90 whereas overall traded volume stood at 4.68 million shares in the Tuesday closing. The current market price is 14.22% less than its last 50 days simple moving average. The share price is likely to move by 1.26 times against 1 point change in market index.
Informatica Corporation (NASDAQ:INFA) was the loser at NASDAQ Exchange in the last closing session with the percentage of 3.86. The last traded volume stood more than 2.19 million shares. The company closed the day out at $48.10. Analyst currently has an average volume of 1.50 million share. INFA’s outstanding shares stood at 106.68 million. Its total market capitalization arrived at $5.13 billion.
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