Home / Street Sector / Stocks Retreated on Diverse Development: Mazor Robotics (NASDAQ:MZOR), Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR), Nokia (NYSE:NOK)

Stocks Retreated on Diverse Development: Mazor Robotics (NASDAQ:MZOR), Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR), Nokia (NYSE:NOK)

Mazor Robotics Ltd. (NASDAQ:MZOR) [Trend Analysis] surged reacts as active mover, shares a gain 24.93% to traded at $13.28 and the percentage gap between open changing to regular change was 29.35%. Mazor Robotics (MZOR) entered into two strategic agreements with Medtronic plc (MDT); Medtronic to take 10% equity stake. One agreement is a two-stage, multi-faceted, commercial agreement for co-promotion, co-development and, upon meeting certain milestones, potential global distribution of certain Mazor products. The second agreement is for an equity investment by Medtronic in Mazor.

The commercial agreement has an initial U.S.-based co-promotion phase. If both organizations achieve their respective milestones by the end of 2017, then the companies will enter the second phase of the agreement, in which Medtronic will assume exclusive global sales and distribution rights for Mazor’s future spine products.

The second phase includes annual quotas with a cumulative potential of hundreds of next-generation systems over a four-year period. The commercial agreement is for Mazor’s future systems and applications, and Medtronic has placed a commitment to purchase 15 of these future systems during 2016. The firm’s current ratio calculated as 5.40 for the most recent quarter. The firm past twelve months price to sales ratio was 11.68 and price to cash ratio remained 8.66. As far as the returns are concern, the return on equity was recorded as -33.20% and return on investment was -36.60% while its return on asset stayed at -28.60%.

Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -4.80% to $6.75. Petrobras (PBR) announced that it signed with the National Petroleum Agency the extension of the concession contracts for the Marlim and Voador fields, until 2052. The extension of the fields’ Production Phase was in line with Resolution 2/2016 issued by the National Energy Policy Council, which authorized the Agency to extend the concession agreements entered into in Round Zero, in 1998. The contracts were originally due to expire in 2025. The share price of PBR attracts active investors, as stock price of week volatility recorded 5.98%. The stock is going forward to its 52-week low with 149.08% and lagging behind from its 52-week high price with -35.47%.

Nokia Corporation (NYSE:NOK) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.96% to close at $5.21 with the total traded volume of 17.25 Million shares. Nokia (NOK) has announced plans that will see the Nokia brand return to the mobile phone and tablet markets on a global basis. Under a strategic agreement covering branding rights and intellectual property licensing, Nokia Technologies will grant HMD global Oy, a newly founded company based in Finland, an exclusive global license to create Nokia-branded mobile phones and tablets for the next ten years. Under the agreement, Nokia Technologies will receive royalty payments from HMD for sales of Nokia-branded mobile products, covering both brand and intellectual property rights. Its price to sales ratio ended at 1.78. NOK attains analyst recommendation of 2.40 with week performance of -1.33%.


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