RIT Technologies Ltd. (RITT): Today's Featured Telecommunications Loser
The telecommunications industry closed the day up 2.1%. Nexxus Lighting Inc (NEXS), Telestone Technologies Corporation (TSTC), MERU Networks Inc (MERU), and Blonder Tongue Laboratories Inc (BDR) were all decliners today within the telecommunications industry with RIT Technologies (RITT) being today's featured telecommunications loser. RIT Technologies fell 66 cents (-21.6%) to $3.72 on average volume. Throughout the day, 40,326 shares of RIT Technologies exchanged hands as compared to its average daily volume of 41,300 shares. RiT Technologies Ltd. develops physical layer solutions for the control, utilization, and maintenance of networks. RIT Technologies has a market cap of $11.8 million and is part of the technology sector. Shares are down 63% year to date as of the close of trading on Wednesday. TheStreet Ratings rates RIT as a sell. Among the areas we feel are negative, one of the most important has been unimpressive growth in net income over time.
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