Updated from 1:36 p.m. EDT with new stock prices
Small-cap stocks rose along with the broader market Monday. The Russell 2000 gained 0.7% to 687.98, and the S&P SmallCap 600 added 0.75% to 364.66.
Shares of Pittsburgh-based design automation software company
( ANST) jumped 30.3% to $30.52 on news that
for $832 million, or $32.50 a share, in cash and stock.
, which operates through subsidiary Hawaiian Airlines as an air transportation company, saw shares rise 14.9% to $6.00. Sector rival Aloha Airlines will be
, and Hawaiian announced that it will accommodate travelers impacted by the shutdown. The company also said it would expand operations to fill the gap left by Aloha.
Also rising was
, a maker of component devices using electronic and optical technologies to control and convey signals through sensors, interconnections and controls. Shares of the Chicago company surged 15.7% to $11.69 on a Robert W. Baird upgrade to outperform from neutral.
( CDS), a management and consulting company that operates in China, added 4.5% to $7.50 on fourth-quarter earnings. The Deerfield Beach, Fla., company posted income of $4.7 million, or 20 cents a share, vs. $557,000, or 4 cents a share, a year ago. Two analysts surveyed by Thomson Financial were expecting EPS of 18 cents.
On the losing side,
tumbled 12.1% to $9.02, at one point hitting a new 52-week low. The Charlotte, N.C.-based telecom company agreed to buy
wireline operations in New England.
Goldman Sachs downgraded
the stock to sell from neutral on the news.
JER Investors Trust
( JRT), a McLean, Va.-based real estate investment trust, fell 9.6% to $8.48 on fourth-quarter earnings. The company swung to a loss of $7.4 million, or 28 cents a share, from a profit of $9.2 million, or 36 cents a share, in the year-ago quarter. Revenue increased year over year to $34.4 million from $26.8 million. For 2008, the company expects that it may have to sell assets, which could cause a decrease in future revenue. It also predicted volatile earnings for the coming year.