{"id":32475,"date":"2014-10-01T06:23:26","date_gmt":"2014-10-01T10:23:26","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=32475"},"modified":"2014-10-01T06:23:26","modified_gmt":"2014-10-01T10:23:26","slug":"vimicro-international-corporation-adr-nasdaqvimc-stuns-all-bagging-a-12-4-million-contract","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/vimicro-international-corporation-adr-nasdaqvimc-stuns-all-bagging-a-12-4-million-contract-32475","title":{"rendered":"Vimicro International Corporation (ADR) (NASDAQ:VIMC) Stuns All Bagging A $12.4 Million Contract"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 10\/01\/2014 (wallstreetpr) \u2013\u00a0<strong>Vimicro International Corporation (ADR) (NASDAQ:VIMC)<\/strong> emerged as the cynosure of the eyes of all the investors, soon after it disclosed that it is embarking into a mutually benefitting joint <a href=\"http:\/\/www.nasdaq.com\/article\/vimicro-international-corp-vimc-has-surged-to-a-new-high-on-contract-news-20140930-00700\" target=\"_blank\">venture <\/a>\u00a0with Shanxi Zhongtianxin Science and Technology Co. Ltd.<\/p>\n<p style=\"text-align: justify;\"><strong>The Contract<\/strong><\/p>\n<p style=\"text-align: justify;\">The manufacturing house aptly designs, holistically develop, and exquisitely market varied semiconductor products and electronics and communications surveillance systems. The manufacturing house has won a large contract of manufacturing and providing SVAC compliant cameras for video surveillance to the Taiyuan based Traffic Police Department for a net valuation of $12.4 million.<\/p>\n<p style=\"text-align: justify;\">Vimicro International Corporation (ADR) (NASDAQ:VIMC) operate using integrated semiconductors, duly customizable software and firmware, based on laid down ranges of standards for quick and righteous assembly, design and supply-chain management procedures. The whopping contract lured investors in numbers, since it is apparent that investing on VIMC shall reap useful returns on investments, later on!<\/p>\n<p style=\"text-align: justify;\"><strong>Trading At A Glance<\/strong><\/p>\n<p style=\"text-align: justify;\">On the opening of the day\u2019s trade on Tuesday morning, Vimicro International Corporation (ADR) (NASDAQ:VIMC) started gaining exposure, gapping up and rising very sharply. Volumes of publically offered shares were bought; this helped increase the average volume sharply, thick and fast.<\/p>\n<p style=\"text-align: justify;\">Soon, it propelled up to 15% high, touching a price benchmark of $11.68, reaching a 2-week high, though witnessing pitfalls subsequently. This happened as a majority of the shareholders offered to sell off their shares, as transactions happened in astounding numbers.<\/p>\n<p style=\"text-align: justify;\">With the course of the day, transactions became only few, the price falling to$9.69, due to mixed sentiments amongst the traders. However, it recovered and till the day\u2019s end, VIMC witnessed a 8.75% hike, settling at $9.94.<\/p>\n<p style=\"text-align: justify;\"><strong>Luring Statistics<\/strong><\/p>\n<p style=\"text-align: justify;\">The net trading volume for Vimicro International Corporation (ADR) (NASDAQ:VIMC) shares recorded a voluminous figure of 2.49 million shares, in comparison to the net average considerable volume of approximately 1.27 million shares. VIMC has a net market capitalization of $210.94 million. It had a 1-year high share price staggered at $9.88 per share. However, over the past 1 month, the net price rushed up 141.16% powered by the incident and imminent contracts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 10\/01\/2014 (wallstreetpr) \u2013\u00a0Vimicro International Corporation (ADR) (NASDAQ:VIMC) emerged as the cynosure of the eyes of all the investors, soon after it disclosed that [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":32477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[2349,2377],"stock_ticker":[],"class_list":["post-32475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nasdaqvimc","tag-vimicro-international-corporation-adr-nasdaqvimc","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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