Monday's Small-Cap Winners & Losers - TheStreet

Monday's Small-Cap Winners & Losers

Metabolix moves higher on news of a plastics deal with ADM.
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Small-cap stocks moved tightly with the broader market Monday for most of the day before coming up slightly higher than the rest, though still ending up in negative territory.

Among the winners was

Metabolix

(MBLX)

, which develops eco-friendly products, after it formed a joint venture with agricultural processor

ADM

(ADM) - Get Report

in order to make biodegradable plastics. The first plant for these purposes should launch in 2008. Cambridge, Mass.-based Metabolix surged 15% to $20.70; ADM closed 1.1% higher at $38.96.

Metals-components maker

Kreisler Manufacturing

(KRSL)

shot up 18.4% to $24.28 after announcing a three-year deal with

United Technologies

for F119 engine components. The deal, slated to begin Jan. 1 of next year, will bring in about $12 million in revenue, $2 million of which will be paid in advance. United Technologies added 30 cents to close at $67.78.

Minnesota-based

Lenox Group

(LNX)

completed a $275 million revolving credit facility. The housewares maker jumped 86 cents, or 11.5%, to close at $8.31.

Also on the move today were a number of companies boosted by positive analyst calls. SunTrust Robinson, for example, said medical-device maker

AngioDynamics

(ANGO) - Get Report

will probably meet its earnings guidance for the fiscal fourth quarter, and it upped the stock to buy from neutral. Shares leapt 9.6% to $17.75.

Among other small-cap upgrades today, wireless-products maker

Brightpoint

(CELL)

climbed 6.7% to $13.43 after Cowen & Co. upped its rating to outperform; elsewhere, water-utility company

American States Water

(AWR) - Get Report

and postage-services Web site

Stamps.com

(STMP) - Get Report

were respectively upgraded by Matrix Research and B. Riley & Co. American States Water shares gained 4.5% to $37.51, while Stamps.com added 3.5% to $13.33.

In merger news -- or lack thereof -- footwear retailer

Genesco

(GCO) - Get Report

rejected

Foot Locker's

(FL) - Get Report

$46 per-share bid, sending shares up 1.2% to $50.56. Foot Locker slid 1.2% to $23.91. Contact-lens company

Bausch & Lomb

(BOL)

, meanwhile, surged 12.8% to $61.93 on rumors it might be acquired in a leveraged buyout.

Among those on the downswing today was Exton, Pa.-based medical-supplies maker

Kensey Nash

(KNSY)

, which reported fiscal third-quarter profits of 19 cents a share. This is 2 cents higher than last year, but analysts polled by Thomson Financial were expecting 2 cents more. Shares lost $4.54, or 14.4%, to close at $27.01.

India's

Sify

(SIFY) - Get Report

sank 5% to $8.74 after the Internet-service provider swung to a loss of $1.7 million, or 4 cents an American Depositary share, in its fiscal fourth quarter. Wall Street was seeking 3-cent per-share profits. And pet-medication distributor

PetMed Express

(PETS) - Get Report

was lower on a Piper Jaffray downgrade to market perform from outperform. Shares surrendered 55 cents, or 4.6%, to close at $11.32.

The Russell 2000 was off 0.2% to 827.55; the

S&P

SmallCap 600 slipped 0.1% to 425.89.