Morning Market Losers

Cyren Ltd 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) 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. 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) 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. 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. NBR shares slipped 2.48 percent to $15.32. CLSA downgraded Nabors Industries from Outperform to Underperform. Transocean LTD RIG shares declined 1.84 percent to $19.78. Crude oil futures fell 1.47 percent to $58.84 a barrel.