Tuesday's Small-Cap Winners & Losers

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

Small-cap stocks surged out of the gate Tuesday, breaking a multiday losing streak. The Russell 2000 was up 4.6% at 673.78 and the S&P SmallCap 600 rose 3.8% to 357.84.

Valence Tech (VLNC Quote), an Austin, Texas-based maker of phosphate-based lithium-ion rechargeable battery technology, jumped 19.3% to $3.83. The company announced it planned to expand manufacturing capacity to $35 million to $50 million per quarter by March 2009 so it can meet demand for its products. Valence also predicted gross profit margins of 30% of revenue and operating profit between 17% and 20% of revenue.

Shares of Port Washington, N.Y., direct marketing firm Systemax (SYX Quote) climbed 31.5% to $11.85 after announcing fourth-quarter earnings Monday after the close. The company posted a 19% year-over-year increase in revenue to $769 million. Net income, which included a tax-related gain of $4.2 million, or 11 cents a share, leaped to $24 million, or 64 cents a share, from $8 million, or 22 cents a share, in 2006. The company will also pay a special dividend of $1 a share on April 2 to shareholders of record on March 21. ...