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Morning Market Losers

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Cyren Ltd (NASDAQ: CYRN) shares slipped 14.60 percent to $2.69. Cyren posted a Q1 non-GAAP loss of $0.03 per share on non-GAAP revenue of $7.0 million.

Ehi Car Services Ltd (ADR) (NYSE: EHIC) shares dropped 6.57 percent to $14.94 after the company announced its plans to sell up to 22.34 million common stock shares at $12.00 per ADS.

RADA Electronic Ind. Ltd. (NASDAQ: RADA) shares fell 6.11 percent to $2.46. RADA Electronic reported a Q1 loss of $0.09 per share on revenue of $3.6 million.

Magal Security Systems Ltd. (USA) (NASDAQ: MAGS) shares declined 5.88 percent to $4.64. Magal Secruity Systems reported Q1 earnings of $0.03 per share on revenue of $11.8 million.

First Solar, Inc. (NASDAQ: FSLR) shares dropped 5.64 percent to $51.97. RBC Capital downgraded First Solar from Sector Perform to Underperform and lowered the price target from $54.00 to $34.00.

Nabors Industries Ltd. (NYSE: NBR) shares slipped 2.48 percent to $15.32. CLSA downgraded Nabors Industries from Outperform to Underperform.

Transocean LTD (NYSE: RIG) shares declined 1.84 percent to $19.78. Crude oil futures fell 1.47 percent to $58.84 a barrel.

 

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