During Friday’s Morning trade, Shares of Sysorex Global Holdings Corp (NASDAQ:SYRX), gained 7.38% to $0.698.
A summer that began with promise and quickly turned into a long, hot season with little to no ad growth came to a welcome end with a flurry of fresh advertising in October according to big data software solutions and infrastructure provider Sysorex (SYRX). Based on results from its Shoom advertising analytics, newspaper advertising for all 44 categories tracked by Shoom raised by an average of 12.4% from September’s numbers. Several categories logged gains of 20% or more.
“As summer ends and the weather cools, consumers tend to focus less on vacation and travel and more on home and personal spending with an eye towards the holidays. Therefore, we expect advertisers will ramp up their spending in these areas as well,” said Michael Lynch, executive vice president for Sysorex’s Shoom offerings.
Among the six largest categories by advertising volume, Auto & Vehicle Sales showed the largest gains with a near 23% improvement over September’s numbers. Personal Services, Real Estate and Dining & Entertainment also logged solid improvements over the previous month.
Sysorex Global Holdings Corp., through its auxiliaries, provides data analytics and location based solutions and services to commercial and government customers worldwide. It operates through four segments: IT Commercial, IT Government, eSolutions, and Location-Based Technology.
Shares of China Automotive Systems, Inc. (NASDAQ:CAAS), declined -2.16% to $5.90, during its current trading session.
China Automotive Systems, declared its unaudited financial results for the third quarter and nine months ended September 30, 2015.
Third Quarter 2015 Highlights
- Net sales were $90.8 million, contrast to $101.7 million in the third quarter of 2014.
- Gross margin was 17.5%.
- Net income attributable to parent company’s common shareholders was $4.3 million, or diluted earnings per share of $0.13, contrast to net income attributable to parent company’s common shareholders of $6.7 million, or diluted earnings per share of $0.24 in the third quarter of 2014.
China Automotive Systems, Inc., through its auxiliaries, manufactures and sells automotive systems and components in the People’s Republic of China. The company produces rack and pinion power steering gears for cars and light duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems; and electric power steering gears.
Finally, Shares of Globus Maritime Ltd (NASDAQ:GLBS), gained 0.42%, and is now trading at $0.430.
Globus Maritime Limited, declared it has received written notification from The Nasdaq Stock Market (“Nasdaq”) dated November 9, 2015 indicating that because the closing bid price of the Company’s common stock for the last 30 successive business days was below $1.00 per share, the Company no longer meets the minimum bid price continued listing requirement for the Nasdaq Global Market, as set forth in Nasdaq Listing Rule 5450(a)(1). Following Nasdaq Listing Rules, the applicable grace period to regain compliance is 180 days, or until May 9, 2016.
The Company intends to monitor the closing bid price of its common stock between now and May 9, 2016 and is considering its options, counting a potential reverse stock split, in order to regain compliance with the Nasdaq Global Market minimum bid price requirement. The Company can cure this deficiency if the closing bid price of its common stock is $1.00 per share or higher for at least ten successive business days during the grace period. In the event the Company does not regain compliance within the 180-day grace period and it meets all other listing standards and requirements, the Company may be eligible for an additional 180-day grace period if it transfers to the Nasdaq Capital Market. The Nasdaq Capital Market is a continuous trading market that operates in substantially the same manner as the Nasdaq Global Market where listed companies must meet certain financial requirements and comply with Nasdaq’s corporate governance requirements.
The Company intends to cure the deficiency within the prescribed grace period. During this time, the Company’s common stock will continue to be listed and trade on the Nasdaq Global Market.
Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes.