Small-Cap Winners & Losers: Crocs

Small-cap stocks were taking on gains alongside the broader markets early Friday. The Russell 2000 was tacking on 1.69% to 714.27 while the S&P SmallCap 600 was gaining 1.53% at 372.14.

High flying in early trading action Friday was AngioDynamics(ANGO Quote), the stock was moving 15.3% to $16.31. The Queensbury, NY.-based developer of medical devices had fiscal fourth-quarter profit issues due to a lawsuit. For the three months that ended on June 30, net income was $519,000 or 2 cents a share; this includes a $6.7 million settlement of a patent dispute with VNUS Medical Systems(VNUS Quote).

Locked in a house of pain was Crocs(CROX Quote), the stock was shedding 43.5% to $5.05. Based out of Niwot, Colo., the popular shoemaker softened second-quarter profit and sales outlook - this led to an analyst downgrade. CROX expects profit between 3 to 7 cents a share which is significantly different from 42 to 47 cents per share in an earlier forecast. Thomson analysts were expecting 41 cents a share for the second quarter. Mitch Kummetz, a Baird analyst, downgraded the company to neutral from outperform. ...