Morning Market Losers

Elbit Imaging Ltd EMITF shares moved down 19.53% to $8.20 at 9:55 am. EMITF's board of directors approved the buyback of up to NIS 150 million (around $43 million) of Elbit's Series A through F Notes. SmartHeat Inc HEAT shares dropped 19.21% to $1.43. HEAT posted a surprise loss for the first quarter. Ku6 Media Co Ltd KUTV dipped 19.17% to $3.88. KUTV is scheduled to report its Q1 earnings on May 24. Fidelity Bancorp Inc FSBI fell 15.85% to $8.07. FSBI's trailing-twelve-month ROE is 1.00%. Read more from Benzinga's Markets.