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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.

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CAE $11.83 0.00%
DTSI $21.82 0.00%
GBT $20.17 0.00%
NYNY $16.63 0.00%
AAPL $93.74 0.00%


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