Updated from 2:51 p.m. EDT
Small-cap stocks trailed the rest of the market Monday, but among the substantial gainers was Top Tankers (TOPT Quote).
Cantor Fitzgerald upgraded Top Tankers' stock to buy from hold as the Greece-based company, which primarily ships refined petroleum products and crude oil, agreed to buy three drybulk panamax vessels for some $222 million. That doubles the company's drybulk fleet and should be accretive to 2008 earnings, the company said. Shares closed up 25.3% to $6.25.
Addvantage (AEY Quote) leapt 22.1% to $5.96 after fiscal third-quarter earnings ballooned to $2 million, or 19 cents a share, vs. 11 cents a share last year, on 33.1% higher revenue of $17.6 million. The analyst who follows the Oklahoma cable-television-equipment distributor was looking for 15 cents a share on revenue of $16.5 million. ...
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