Thursday's biggest small-cap gainers and losers

Here are Thursday’s biggest percentage gainers and losers in midday trading, along with top volume leaders, among companies with a market cap between $50 million and $750 million:

Biggest percentage gainers:

• NetManage, Inc. (Nasdaq:NETM), up 66.7% to $6.92 after the Britain-based software firm Micro Focus International PLC announced early Thursday that it plans to buy NetManage for $73.3 million, or $7.20 a share in cash. The transaction is expected to close in June.
• Encore Capital Group, Inc. (Nasdaq:ECPG), up 29.1% to $8.65 after reporting early Thursday that its first-quarter net income rose to $7.5 million, or $0.32 per share, versus $5.7 million, or $0.24 per share, a year earlier. Wall Street expected earnings of $0.24 per share.
• LHC Group, Inc. (Nasdaq:LHCG), up 27.6% to $19.90 after the provider of health care services reported late Wednesday that its first-quarter profit totaled $5.4 million, or $0.31 per share, which beat Wall Street expectations of earning $0.29 per share. During the year-ago period, LHC earned $5.8 million, or $0.33 per share.

Biggest percentage losers:

• PharmaNet Development Group, Inc. (Nasdaq: PDGI), down 28.4% to $17.08 after the drug development services company reported ghastly first-quarter results and lowered its full year guidance late Wednesday evening. The firm swung to a net loss on contract cancellations, while Wall Street was expecting a net profit of $0.30 per share.
 • FGX International Holdings Ltd. (Nasdaq:FGXI), down 20.8% to $10.33 after the maker of non-prescription eyewear said it expects second-quarter earnings in the range of $0.16 to $0.18 per share, versus Wall Street’s expectation of $0.39 per share.

For access to the full article, you must be a registered member - it's FREE.

Already a member? Please log in below