Morning Market Losers
Demand Media (NYSE: DMD) dropped 20.44% to $6.50 after the company reported that it has bought Society6 for around $94 million in cash and stock. The company also cut its revenue forecast for the second quarter.
Mitek Systems (NASDAQ: MITK) dropped 17.33% to $5.39 after the company announced the pricing of common stock offering.
ProPhase Labs (NASDAQ: PRPH) dropped 12.93% to $1.49. ProPhase Labs' trailing-twelve-month operating margin is -4.77%.
Point.360 (NASDAQ: PTSX) plummeted 12.78% to $0.89. Point.360's trailing-twelve-month ROA is 0.29%.
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