Small-cap stocks slightly outpaced a hesitant rally by the broader market Monday. The Russell 2000 and the S&P SmallCap 600 both added about 0.8% to 727.48 and 384.33, respectively.
Houston American Energy
, a Houston-based provider of natural gas, crude oil and condensate, jumped 11% to $5.42. The company swung to a first-quarter profit of $493,000, vs. a loss of $512,000 a year ago.
Meanwhile, fellow Houston resident
added 12% to $1.55. The natural gas and oil explorer was upgraded by Dahlman Rose to buy with a price target of $3.
, a Tokyo provider of financial services, saw shares climb 12% to $10.51. The company announced 2007 net income of 5.16 billion yen, down from 12.08 billion yen a year ago. Mizuho also announced that it would postpone a merger with Shinko Securities until 2009. The merger has been postponed several times in part because of Mizuho's exposure to the U.S. subprime crisis.
On the losing side, shares of
, an Israeli developer of application delivery and network security solutions, fell 15% to $9.05. The company posted a non-GAAP loss of $6.3 million, or 32 cents a share, vs. a loss of $1.2 million, or 6 cents a share, a year ago. Analysts were looking for an EPS loss of 5 cents.
, a Chelmsford, Mass.-based developer of bandwidth management solutions, lost 12% to $3.30. The company
fiscal third-quarter 2008 revenue of about $21 million. Analysts polled by Thomson Financial forecast revenue of $45.7 million.