This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Small-Cap Winners & Losers: DTS, Advanced Battery

Updated from 1:23 p.m. EST with new stock prices

Small-cap stocks followed the major indices through an uneven trading day Monday, bouncing in and out of positive territory.

DTS (DTSI - Get Report), an Agoura Hills, Calif., entertainment technology provider, saw shares leap 12.5% to $27.40 after announcing a new sound technology to be unveiled this week at the 2008 Consumer Electronics Show in Las Vegas. The company will also partner with XStreamHD and Seagate (STX) to provide technology for transmitting high-definition movies and music directly to the home, and Deutsche Securities added more good news by initiating coverage of DTS with a hold rating.

Advanced Battery Technologies (GBT) rose on an announced partnership. The New York-based maker of batteries for Southeast Asian markets signed a $23 million contract with Wuxi Angell Autocycle to make batteries for Wuxi's electric bicycles and motorcycles. Shares surged 4.5% to $4.65.

Shares of digital security provider Entrust (ENTU) jumped 9% to $1.93 as the Addison, Texas-based company reported preliminary fourth-quarter earnings. Revenue rose to $27 million for the quarter, and Entrust now predicts non-GAAP income of 4 cents a share, compared with zero cents a share a year ago.

For the year it expects earnings per share to break even, compared with an 8-cent EPS loss in 2006. The new guidance for both the quarter and the year is in line with the Street's expectations, per Thomson Financial.

Also rising were Fairview, Ore.-based forklift parts maker Cascade (CAE - Get Report) and Westlake, Ohio-based rest-stop operator TravelCenters of America (TA). Cascade shares leapt 9.9% to $47.31 on a DA Davidson upgrade to buy from neutral, and TravelCenters climbed 9.8% to $12.30. Cascade announced that activist hedge fund Locksmith Capital Management had nominated two candidates to its board of directors.

Among the losers, shares of Empire Resorts (NYNY - Get Report), which operates the Monticello horseracing facility, were chopped in half to $1.42. The Department of the Interior denied an application by Empire Resorts' partner, the St. Regis Mohawk Tribe, to place 29 acres at Monticello into trust for purposes of building a casino. Empire CEO David P. Hanlon called the decision "very disappointing."

Sunnyvale, Calf.-based ShoreTel (SHOR) took a beating of similar severity as shares plummeted 54% to $6.02. The provider of switch-based Internet protocol systems announced lowered second-quarter guidance. It now expects revenue to range from about $30 million to $31 million, down from a previous forecast for $32 million to $35 million and below the Street's prediction of $34 million.

More broadly, the Russell 2000 was up 0.3% to 723.96, and the S&P SmallCap 600 lifted 0.4% to 375.09.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CAE $11.96 -0.25%
DTSI $30.12 -0.66%
NYNY $5.02 -0.59%
AAPL $126.44 -0.13%
FB $87.28 0.43%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs