Wednesday's Small-Cap Winners & Losers
Systemax (SYX) climbed after the Port Washington, N.Y.-based direct marketer of computers and other items posted an increase in first-quarter earnings. The company reported income of $17.6 million, or 48 cents a share, compared with $2.6 million, or 7 cents a share, a year ago. Excluding a gain, net income would have totaled 36 cents a share. Sales increased 6.9% to $574.9 million. Shares gained $1.81, or 21.7%, to $10.16 recently.
InterVoice (INTV) jumped 16% after Wedbush Morgan upgraded the stock to strong buy from buy. Shares of Intervoie were recently up 97 cents to $6.93.
Travelzoo (TZOO) fell after the New York-based Internet media company was downgraded by Stifel Nicolaus to sell from hold. Shares dropped $3.70, or 10.5%, to $31.60.
Lone Star Steakhouse & Saloon (STAR) lost ground after shareholder Barington Capital Group said a bid to take over the Wichita, Kan., restaurant operator "fails to provide adequate value" to stockholders. Lone Star has agreed to be acquired by affiliates of Lone Star Funds for $27.10 a share. Lone Star was down 44 cents, or 1.6%, to $27.49.Other movers included pSivida (PSDV), up 21.6% to $2.74, Radiant Systems (RADS), ahead by 14% to $11.72, and Harris & Harris (TINY), a 12.7% gainer to $11.19. NationsHealth (NHRX) fell 17% to $1.82, Genetic Technologies (GENE) dropped 12% to $7.35, and Dover Downs (DDE), was off 7% to $12.79.
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