Smart Balance outlook lifted; company added to Russell 2000 and 3000 indexes
Smart Balance Inc.’s (Nasdaq:SMBL) outlook was raised early Wednesday as the Standard & Poor’s Rating Services moved the company from “stable” to “positive.” The rating was the result of the company’s expected increased sales and market share along with recent credit protection measures, Thomson Financial reported. Also, the Cresskill, N.J.-based specialty food retailer announced on Monday it had been added to the Russell 2000 and 3000 indexes.
Ahead of the bell Wednesday, Smart Balance shares were up 7.2% to $7.30. The company’s stock has ranged from $4.85 to $14.10 during the past 52 weeks.
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