Wednesday's Small-Cap Winners & Losers

Updated from 12:59 p.m. EDT with new stock prices

Small-cap stocks experienced mixed trading Wednesday, recovering from an early dip along with the broader market only to trade back toward the baseline.

Shares of Warren, N.J.'s Anadigics (ANAD Quote), a provider of semiconductor solutions to broadband wireless and wireline communications markets, shot up 33.1% to $11.09. The company after Tuesday's market close reported first-quarter pro forma income of $9.2 million, or 15 cents a share, vs. $3.7 million, or 8 cents a share, a year ago. Analysts polled by Thomson Financial were looking for 10 cents a share. Anadigics also forecast second-quarter revenue between $77 million and $79 million and earnings per share between 16 cents and 17 cents. The Street is looking for $73 million in revenue and profit of 13 cents a share.

Meanwhile, Green Bankshares (GRNB Quote) climbed 21.9% to $19.35 on first-quarter earnings. The Greeneville, Tenn.-based holding company for GreenBank posted first-quarter income of $7.2 million, or 56 cents a share, vs. $5.6 million, or 57 cents a share, a year ago. Analysts were looking for 47 cents a share. Stifel Nicolaus upgraded the stock to buy from hold. ...