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New York, NY -- (SBWIRE) -- 11/29/2012 -- KIT digital, Inc. (NASDAQ:KITD) shares increased 16.26% to $0.710. The company’s former chief executive said he would be willing to lead a private equity-backed buyout of the company, two days after the company said it would restate results. Ex-CEO Kaleil Isaza Tuzman, who left Kit Digital earlier this year in a major management shakeup, said he would be willing to lead a bidding group that would offer to buy the company at $3.75 per share in cash, valuing the company at about$214.1 million.
Additionally, Newman Ferrara LLP is conducting an investigation on behalf of shareholders of KITD into potential violations of federal securities laws and breaches of fiduciary duty by KIT and certain of its officers and directors.
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Centrais Eletricas Brasileiras SA (NYSE:EBR) is a Brazil-based holding company engaged in the electric power generation, transmission and distribution. Eletrobras operated 36 hydroelectric plants, 120 thermal power plants, two nuclear power plants and 4 wind and solar farms, which totaled 41,621 megawatts (MW) of installed capacity as of December 31, 2011. Additionally, the Company is responsible for approximately 56,179 kilometers of transmission lines, 187,256 kilometers of distribution lines and 229 substations.Shares of Centrais Elc Braz (NYSE:EBR) are trading at $3.085 and is -37.96% from its 50-day Moving Average price of $4.9724 and -51.14% from its 200-day Moving Average price of $6.3136. The average trading volume is 1434340 shares and its market capitalization is $4.173B.
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Velti plc (NASDAQ:VELT) is a global provider of mobile marketing and advertising technology and solutions. The Company’s platform Velti mGage, allows its customers to use mobile and media, such as television, print, radio and outdoor advertising to target, reach, and engage consumers through mobile Internet applications; convert consumers into their customers, and continue to manage the relationship through the mobile channel. The Company’s mGage platform provides agencies and companies a set of tools including analytics and reporting, and business intelligence. Velti plc (NasdaqNM:VELT) is -0.02 - -0.54% from the previous close of $3.67. It traded between $3.61 - 3.73 with total traded volume of 913784 shares. Keep a close eye on VELT, as the stock has been showing unusual moves over the past weeks. At Current market price, VELT has recovered +3.11% from its 52-week Low of 3.54 and has Pulled back -75.09% from its 52-week high of 14.65.
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Universal Technical Institute (NYSE:UTI) reported fourth quarter net income of $0.06 per share after the close Tuesday, down from $0.23 per share in the previous year. The consensus estimate was for EPS of $0.05.
The Company currently expects 2013 new student to start for the first half of the year to be down before possibly improving during the second half resulting in full year new student starts to be close to flat year over year.
Universal Technical Institute gapped down sharply Wednesday and declined further during the first half of the afternoon. Shares finished down by 3.44 at $8.80 on the highest volume of the year. The stock plunged to a new low for the year.
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