Thursday's Small-Cap Winners & Losers
Small-cap stocks saw mixed trading Thursday as more congressional testimony by Federal Reserve Chairman Ben Bernanke left investors hesitant.
Shares of Syntax-Brillian (BRLC), a Tempe, Ariz.-based maker of high-definition TVs, jumped 16% to $1.23. The company announced a partnership with Compal Electronics, under which Compal will fill an initial manufacturing order of 300,000 televisions in its Chinese facility. Syntax-Brillian CEO James Li said that the move was key to the company's cost-reduction and cash flow-improvement efforts.
Meanwhile, C&D Technologies (CHP), which services the switchgear and control, telecom and uninterruptible power supply markets, climbed 6.7% to $5.77. The Blue Bell, Pa., company introduced a new battery that the company says benefits the environment and cuts costs by consuming less energy than other batteries when charging.
Milpitas, Calif.'s Phoenix Technologies (PTEC) saw shares rise 4.3% to $15.85. Roth Capital upgraded the developer of core system software for PCs and other devices to buy from hold.Access Integrated Tech (AIXD) climbed 18.5% to $3.85. The Morristown, N.J.-based provider of integrated solutions for digital cinema announced it had extended the employment contract of CEO A. Dale Mayo through March 31, 2011. On the losing side, Charleston, S.C.'s Blackbaud (BLKB) slipped 12% to $22.63. The company, which provides software products and services to nonprofits, was downgraded by Jeffries & Co. to underperform from buy. X-Rite (XRIT), a technology company that develops color management systems for labels, textiles and other materials, issued downside first-quarter 2008 guidance. The Grand Rapids, Mich., company said it sees weaker economic conditions and market softness in the coming year and forecast a 3% year-over-year decrease in revenue for the quarter. Shares fell 17% to $5.31. Finally, San Diego women's retailer Charlotte Russe (CHIC) tumbled 5% to $17.05 after announcing a Dutch Auction offering of shares. The company said it expects to buy about 4.1 million shares for $73.4 million, or $18 a share. Charlotte Russe also said it estimates that about 9.4 million shares were tendered in the offer at $18 a share, resulting in a proration offer of about 44%. More broadly, the Russell 2000 was recently up 0.2% at 713.89. The S&P SmallCap 600 was also up, 0.2% at 378.68.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV