MRV Communications Inc. (PINK:MRVC) has been moving down since last week. Yesterday, the stock lost another 2.44%, 
while its traded volume jumped up. However, the reason for the price fall is still not clear.
Lately, the news about MRV concerned some changes in its Directors Board and a couple of transactions of shares of the company’s common stock. Nevertheless, no information on the company’s operations was provided. Thus, no one can explain the current downtrend.
In May, MRV sold all of the issued and outstanding capital stock of three wholly-owned operating subsidiaries and having reviewed its cash position decided to return excess capital to shareholders through a $75.0 million special dividend in November.
Though, the management stated that the recent downturn in global markets has affected the company’s revenues and operating results and that conditions may worsen.[BANNER]
Unfortunately, the latest quarterly results of MRV were not inspiring at all. As of September 30, the company’s cash and cash equivalents have increased, though the liabilities were not covered, while the accumulated deficit exceeded $1,200,681.
Despite these numbers, MRV keeps encouraging traders to invest in the company, while taking more cautious approach in their capital expenditures resulting in order delays, slowing deployments, and lengthening sales cycles.
