Technology Stock Plunges; Allscripts Healthcare (MDRX) Soars as Possible Sale While Research In Motion (RIMM) Hikes on Partnership – MDRX, RIMM, YHOO, NOK, TSYS, AAPL
Investors reacted negatively to the Technology stocks on Monday. Major movement was seen in Nokia Corporation (ADR) (NYSE:NOK) and TeleCommunication Systems, Inc. (NASDAQ:TSYS) on gainers side while Apple Inc. (NASDAQ:AAPL) was most active and prominent stock.
The Chicago-based Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) moved up around 6.3% on the option the company will sell itself to a private equity purchaser.
Shares of Allscripts, a provider of electronic health records, moved up 5.5% to settle $13.10 at 9:37 AM New York time.
Allscripts Healthcare Solutions Inc.’s YTD performance was recorded as -32.21% while its market capitalization was $2.20 billion. The company has P/B ratio of 1.72 while P/E ratio was booked as 41.42. Institutional ownership owns 81.01% shares of the company while beta factor, which is used to measure riskiness of the security, was 1.41. Net profit margin of the company was 3.96% while its gross profit margin was 43.80%.
Research In Motion Limited (USA) (NASDAQ:RIMM), the struggling manufacturer of the BlackBerry Smartphone, would be more probable to recover if it finds a strategic partner to assist defray costs, Terry Matthews reported, the founder of Newbridge Networks Corp.
Canadian billionaire Terry Matthews said in an interview on Monday at the Toronto Board of Trade that partnering was important as it’s not on company’s income statement.
Research In Motion Limited (USA) has market capitalization of $4.12 billion. Its current ratio was 2.20 while its shares were looking forward SMA50 with 9.94. The company offered earnings per share of -1.17 while its 524.16 million shares were outstanding. YTD performance of the stock was -45.79%.
Yahoo! Inc. (NASDAQ:YHOO) has the market capitalization of $18.75 billion. The company’s EPS was 0.89 while its 1.18 billion shares were outstanding. Its institutional ownership was 77.00%. Shares of the company were moving ahead of SMA50 with 2.47% while its YTD performance was -1.89%.
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