The best performing stocks on the Nasdaq Stock Exchange this week:
Rosetta Genomics Ltd. (USA) (ROSG) a pharmaceutical company develops and commercializes diagnostic tests based on microRNAs, announced new hires of three executives and an expansion of its commercial operations, and got coverage initiated by analysts at Aegis Capital with a buy rating during this this week, sending its share price to rise sharply by 53.77%, to $6.12. ROSG stock is currently trading below the 50-day moving average while above the 200-day moving average and traded between $1.40 and $26.70 over the past 52-weeks.
SuperMedia Inc (SPMD), a yellow pages directory publisher, announced a stock-for-stock merger with Dex One Corp., which engages in yellow and white pages and a host of other marketing services, promoting SPMD shares to jump 45.08% to $3.83 this week. SPMD stock is currently trading above the 50-day and 200-day moving averages and traded between $1.15 and $4.24 over the past 52-weeks.
MER Telemanagement Solutions Ltd. (MTSL), a telecommunications expense management (TEM) provider recently announced strong second quarter financial results and received a 2011 Communications Solutions Product of the Year Award. On the basis of good news, MTSLstock price rose 38.67% this week. MTSL stock is currently trading above the 50-day and 200-day moving averages and traded between $1.18 and $3.90 over the past 52-weeks.
RiT Technologies Ltd. (RITT) provides intelligent solutions for infrastructure management, asset management, environment and security, and network utilization. RiT Technologies recently reported second quarter net loss narrowed despite a year-over-year decrease of 18% in revenues. The company also announced last week to increase its maximum loan amount and extended the term of its convertible loan agreement. RITT stock is currently trading above the 50-day and 200-day moving averages and traded between $2.28 and $5.92 over the past 52-weeks.
SPAR Group, Inc. (SGRP) provides merchandising and other marketing services to manufacturers, distributors and retailers. SPAR Group completed the acquisition of Romania Marketing company last week and saw business expansion this week as its Mexican subsidiary, SPAR TODOPROMO (“SPAR”) signed a $2.5 million annual contract with a major Fortune 500 company. SGRP stock gained 36.67%, making it one of the best stocks this week, to settle at $2.05, above the 50-day and 200-day moving averages. SGRP stock traded between $0.88 and $2.30 over the past 52 weeks.