Quite an interesting week has come to pass for MRV Communications Inc. (PINK:MRVC). Announcements about dividends, changes in the management board. Yet, as far as the stock price is concerned, it has not been exactly a positive week. Nevertheless, Friday could be different. 
Just before the session opened today, another press release came out. One, however, that is not much different than the related other one yesterday. Still, it might focus additional attention to the stock. On the other hand, despite the news this week, trading volumes did not really explode. In fact, the busiest day this week was Monday with 215k shares changing hands. On Tuesday, the number was 112k, as 31k were due to short-selling activity. A fact, that should not go overlooked. In terms, yesterday’s session was of slight decline with a closing price of $1.28 per share.
In the meantime, although there is positive news, the general trend in the last several months is one of decline. Six months ago, MRVC used to trade above $1.8 per share. In terms, while announcements could lead to positive sessions, a real reverse of the negative trend on the stock market could hardly be achieved with them alone. One possible way, however, could be a better balance sheet. The third quarter is over now, so results should be expected soon. For the moment, traders are left with the following information from the 10-Q with an end-date June 30th: [BANNER]
- $68 million in revenue;
- $1.8 million in net loss;
- $152 million in cash;
- $323 million in total assets;
- $84 million in total current liabilities;
- $1.2 billion in accumulated deficit;
Interesting data, yet obviously not inspiring enough for investors. Whether the next quarterly statement could be a positive catalyst is a question yet to find its answer.
