Wednesday’s biggest small-cap gainers and losers

Here are Wednesday’s biggest percentage gainers and losers in midday trading among companies with a market cap between $50 million and $750 million:

Biggest percentage gainers:

• Camco Financial Corp. (Nasdaq:CAFI), up 20.6% to $12 after the Cambridge, Ohio-based financial holding company reported early Wednesday that it is being acquired by Warren, Ohio-based First Place Financial Corp. (Nasdaq: FPFC). Under the terms of the deal, Camco shareholders will get either $13.58 in cash or 0.97 shares of First Place common stock for each share of Camco common stock. The estimated value of the deal is $97.2 million, which uses a $14 market price for First Place common stock.

• Multi-Fineline Electronix, Inc. (Nasdaq:MFLX), up 16.1% to $21.68 after the Anaheim, Calif.-based provider of flexible printed circuits reported second-quarter earnings of $10.4 million, or $0.41 per share, versus $3.1 million, or $0.12 per share, a year earlier. The results beat Wall Street analysts’ consensus estimate of earning $0.27 per share.

• Ceragon Networks Ltd. (Nasdaq:CRNT), up 16% to $10.73 despite no significant news.

Biggest percentage losers:

• Synchronoss Technologies, Inc. (Nasdaq:SNCR), down 42.8% to $13.10 after the Bridgewater, N.J.-based communications software maker forecasted second-quarter earnings in the range of $0.10 to $0.11 per share. Wall Street analysts expect earnings of $0.19 per share. Synchronoss gets paid for each iPhone activated with a carrier that officially provides service for the device. The firm said late Tuesday that the practice of “unlocking” iPhones – which does not provide the company with revenue – is a significant problem.

• Kenneth Cole Productions (NYSE:KCP), down 19.2% to $14.83 after the New York City-based apparel and accessories maker forecasted a loss for the second quarter. Wall Street analysts expect earnings of $0.08 per share.

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