Wednesday's Small Cap Winners & Losers

Updated from 2:07 p.m. EST with new stock prices

Small-cap stocks were on the rise Wednesday, trying to keep up with the major indices. The Russell 2000 was up 1.03% to 712.15, and the S&P SmallCap 600 was up 1.06% to 369.04.

Spectrum Control(SPEC Quote) got clocked, losing 31% to $9.76 on a disappointing fourth quarter. The Fairview, Pa.-based maker of electronic control products posted income of $3.2 million, or 23 cents a share, vs. $2 million, or 15 cents a share in the year-ago quarter. The results fell short of one analyst's expectation for EPS of 25 cents, per Thomson Financial.

Also sinking was Premier Exhibitions (PRXI Quote). The Atlanta-based owner of the Titanic wreck and the "Bodies" human anatomy exhibitions reported third-quarter income of $2.7 million, or 8 cents a share, vs. $2.2 million, or 7 cents a share, a year ago. Analysts were expecting 13 cents a share. The company also lowered 2008 EPS guidance to between 38 cents and 46 cents. The Street is calling for 60 cents. Shares tumbled 14.2% to $7.44. ...