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Borqs Technologies Inc - BRQS STOCK NEWS

Welcome to our dedicated news page for Borqs Technologies (Ticker: BRQS), a resource for investors and traders seeking the latest updates and insights on Borqs Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Borqs Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Borqs Technologies's position in the market.

Rhea-AI Summary
Borqs Technologies approves 1-for-12 reverse stock split
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Borqs Technologies receives multiple indications of interest for stake in Holu Hou Energy LLC
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-0.39%
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Rhea-AI Summary
Borqs Technologies is developing smart IoT devices for the African market, including mobile phones leased to local users. The project can potentially generate about $30M in sales per year. Africa's mobile phone market is the world's fastest-growing, with a 65% annual growth rate. Sale of mobile phones in Africa is set to more than double in the next five years. This presents a positive opportunity for telecom investors in Africa.
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-12.9%
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Borqs Technologies approves 1-for-12 reverse stock split, effective October 10, 2023
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Borqs Technologies, Inc. to present at Dawson James Conference on Oct. 12th. Expects significant cash proceeds from divesting stake in HHE. Recently received 'Speculative Buy' rating from WallStreet Research.
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1.13%
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Borqs Technologies and SkyCentrics will launch Modbus adaptor products in Q4 2023, targeting Smart Grid appliance manufacturers and OEMs in the U.S. The products will enable Demand Response signal delivery and data acquisition, supporting cellular and PoE connectivity. The partnership aims to enable grid-interactivity and sync energy usage to grid prices and carbon emissions. Commercial and residential markets in buildings and power grid optimization estimated to reach $154 billion by 2026.
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End-of-Day
8.59%
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Borqs Technologies received deficiency notification from Nasdaq for not maintaining minimum market value of $35 million for 30 consecutive business days. They have been given a compliance period of 180 days to regain compliance. If not achieved by March 13, 2024, securities will be subject to delisting.
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-4.76%
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Borqs Technologies to present at WallStreet Research / Global Capital Network / Med Tech Conference on October 5th, 2023. The company is divesting its 49% stake in HHE and expects substantial cash proceeds. Recent research report assigns a 'Speculative Buy' rating with a target price range of $1.00 to $1.20.
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2.17%
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Borqs Technologies receives 'Speculative Buy' rating with six-month price targets of $1.00 to $1.20 per share. The company expects a nine-figure gain from divesting its stake in Holu Hou Energy, LLC. Revenues for 2022 were over $52.5 million. Borqs aims to expand its core business IP and transition into a Global AIoT solution provider.
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6.96%
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Borqs Technologies granted extension for divestment of subsidiary, Holu Hou Energy LLC, by CFIUS.
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1.88%
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buyback dividends
Borqs Technologies Inc

Nasdaq:BRQS

BRQS Rankings

BRQS Stock Data

6.28M
6.42M
0.17%
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