Are Neonode, Inc.(NASDAQ:NEON), Medbox Inc(OTCMKTS:MDBX), and The Wet Seal, Inc.(NASDAQ:WTSL) Strong Investment Options?
New York, NY – GDP INSIDER – 11/07/2014.
This article discusses three companies: Neonode, Inc.(NASDAQ:NEON), Medbox Inc(OTCMKTS:MDBX), and The Wet Seal, Inc.(NASDAQ:WTSL)
Neonode, Inc.(NASDAQ:NEON) is a California-based diversified electronics company that develops and licenses user interfaces. The company reported its third quarter financial results on Nov. 6th, 2014, which included a net revenue figure of $1.1 million. Neonode has traded within a range of $1.72 to $7.80 over the past 52 weeks, yet finished yesterday’s trading at a closing price of $2.15. This indicates that Neonode’s trading price is on the decline.
Medbox Inc(OTCMKTS:MDBX) announced yesterday that TheStreet.com and TheDeal.com had removed their headlines which suggested that Medbox was under investigation from the SEC. The company provides patented biometrically controlled medicine storage and dispensing systems. Medbox finished yesterday’s trading at a closing price of $10.11. This figure places the stock $2.21 above its 52 week low of $7.90. The company was awarded eight cultivation provisional license approvals in Nevada on Nov. 5th.
The Wet Seal, Inc.(NASDAQ:WTSL) is a California-based company that operates in two segments: Wet Seal and Arden B. Through the former, the company sells fashion and apparel accessories to girls. The latter sells products to contemporary women. The Wet Seal’s CFO, Steve Benrubi, will be departing the company on Dec. 1st, 2014. The company traded for as little as $0.37 yesterday, a figure which is just three cents above its 52 week low of $0.34. The Wet Seal has a market capitalization of $32.23 million and 84.31 million tradeable shares.
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