3 Stocks in Focus; OPXT, VOXX, GLUU

Opnext Inc. ( NASDAQ: OPXT ), last week, announced its third-quarter financial results. The company reported third-quarter revenue of $97.1 million, representing an increase of 12.4% over the previous quarter, 27.6% over the same period in the previous year. The company reported a net loss of $10.2 million for the third quarter, compared with a net loss of $14.4 million reported in the previous quarter. Opnext shares have a 52-week range of $1.29-$2.91. The stock is currently trading above its 50-day and 200-day moving averages. Since announcing its third-quarter financial results, Opnext shares gained 29.03%. Fremont, California-based Opnext is engaged in the designing and manufacturing of optical components, modules, and subsystems for communications uses. Audiovox Corporation ( NASDAQ: VOXX ), last week, announced that it signed a definitive agreement to acquire Klipsch Group Inc. and its worldwide subsidiaries for $166 million. The company said that it expects to financial the acquisition with a combination of cash and a new asset-based revolving credit facility from Wells Fargo Capital Finance LLC. Audiovox shares have a 52-week range of $6.17-$9.74. The stock is currently trading above its 50-day and 200-day moving averages. In the last one year, Audiovoxx shares gained 16.12%. Hauppauge, New York-based Audiovox is engaged in marketing of products under the Audiovox brand name. Glu Mobile Inc. ( NASDAQ: GLUU ) will announce its fourth-quarter financial results after market close today. Ahead of the announcement, shares of Glu Mobile are seeing a huge rally in today's trading. The small cap stock reached a 52-week high of $3.73 in early trading, and at last check, it was up 7.76% to $3.61, with volume up from daily average of 1.61 million to 1.88 million. Glu Mobile shares have a 52-week range of $0.85-$3.73. The stock is currently trading above its 50-day and 200-day moving averages. San Mateo, California-based Glu Mobile is a designer, marketer, and seller of games for mobile phones. This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in these stocks. We reserve the right to buy or sell any stock mentioned in this report at any time after this post.
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