Alibaba Group Holding (NYSE:BABA) And Amazon.com About To Clash in Southeast Asia- DragonWave (DRWI)

Several matter pinch shares of Alibaba Group Holding Limited (NYSE:BABA) [Trend Analysis], as shares moving down -1.13% to $90.16 with a share volume of 1.71 Million. Alibaba Group Holding Ltd. and Amazon.com Inc. are about to clash in Southeast Asia. And Lazada Group SA, which Alibaba bought this year for $1 billion, will be right at the heart of that conflict.Southeast Asia’s largest e-commerce site is rolling out a series of initiatives in anticipation of the U.S. giant’s entry next year.

It’s expanding its delivery network within the region and beyond, via partners in China and Korea. It’s on the prowl for investments and acquisitions to shore up its supply chain. And it intends to delve deeper into online groceries in 2017, a notoriously difficult market it got into by buying RedMart. The stock is going forward its 52-week low with 52.30% and moving down from its 52-week high price with -17.87%. To have technical analysis views, liquidity ratio of a company was calculated 2.00 as evaluated with its debt to equity ratio of 0.36. The float short ratio was 14.78%, as compared to sentiment indicator; Short Ratio was 7.70.

Shares of DragonWave Inc. (NASDAQ:DRWI) [Trend Analysis] runs in leading trade, it surging 0.93% to traded at $2.72. The firm has price volatility of 5.50% for a week and 6.45% for a month. Its beta stands at 1.69 times. DragonWave Inc. (NASDAQ:DRWI) declared that the Listing Qualifications Staff of The Nasdaq Stock Market issued a letter granting the Company an extension until April 17, 2017 to regain compliance with Nasdaq Listing Rule 5550(b)(1), which requires listed companies to maintain a minimum of $2,500,000 in shareholders’ equity.

Previously, Company had received a notification letter that it failed to maintain a minimum of $2,500,000 in shareholders’ equity. In accordance with the instruction provided in the notification letter, Company responded to NASDAQ, applying for a full extension together with a plan to regain compliance with Listing Rule 5550(b)(1).

Following NASDAQ’s review, NASDAQ granted the Company’s extension request. If the Company does not regain compliance with Listing Rule 5550(b)(1) by April 17, 2017 and evidence such compliance on a periodic report, the Company may be subject to delisting from NASDAQ. Narrow down four to firm performance, its weekly performance was 0.00% and monthly performance was -21.74%. The stock price of DRWI is moving down from its 20 days moving average with -4.80% and isolated negatively from 50 days moving average with -11.02%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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