Tag - BTUI

Novavax Inc. (Nasdaq:NVAX), Brigham Exploration Co. (Nasdaq:BEXP) and America's Car-Mart Inc. (Nasdaq:CRMT) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Alpha Pro Tech Ltd. (Nasdaq:APT), Sinovac Biotech Ltd. (Nasdaq:SVA), NB&T Financial Group Inc. (Nasdaq:NBTF), Ardea Biosciences Inc. (Nasdaq:RDEA), American Physicians Capital Inc. (Nasdaq:ACAP) and BTU International Inc. (Nasdaq:BTUI).

THQ Inc. (Nasdaq:THQI), BTU International Inc. (Nasdaq:BTUI) and Washington Banking Co. (Nasdaq:WBCO) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Georgia Gulf Corp. (Nasdaq:GGC), Perry Ellis International Inc. (Nasdaq:PERY), A M Castle & Co. (Nasdaq:CAS), Timberland Co. (Nasdaq:TBL), Spartan Stores Inc. (Nasdaq:SPTN) and Epicor Software Corp. (Nasdaq:EPIC).

Oil-Dri Corp of America (Nasdaq:ODC), Columbia Banking System Inc. (Nasdaq:COLB) and Mid Penn Bancorp Inc. (Nasdaq:MPB) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: AgFeed Industries Inc. (Nasdaq:FEED), Chindex International Inc. (Nasdaq:CHDX), BTU International Inc. (Nasdaq:BTUI), Broadwind Energy Inc. (Nasdaq:BWEN), Force Protection Inc. (Nasdaq:FRPT) and Cogo Group Inc. (Nasdaq:COGO).

Assured Guaranty Ltd (Nasdaq:AGO), Gencor Industries Inc (Nasdaq:GENC) and NB&T Financial Group Inc (Nasdaq:NBTF) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Photronics Inc (Nasdaq:PLAB), Sterling Bancshares Inc (Nasdaq:SBIB), BTU International Inc (Nasdaq:BTUI), Pyramid Oil Co (Nasdaq:PDO), Dixie Group Inc (Nasdaq:DXYN) and KVH Industries Inc (Nasdaq:KVHI).

Here are the biggest percentage losers among small caps:

BTU International Inc. (Nasdaq:BTUI) is down more than 18% today after postponing its second-quarter earnings announcement. The North Billerica, Mass.-based thermal processing system manufacturer said it needed more time to complete the consolidation and review of its global financial results. The company had transitioned to a new public accounting firm and is having technical problems with international taxes. The company will now report its earnings on July 30 after the market close.

In today’s trading, shares are at $9.09, down $2.02 from Monday’s close. During the past year, BTU shares have ranged from $8.65 to $15.41.

Small-cap stocks pushed lower on the opening, but edged back into the green about 30 minutes after the open as a slide in tech stocks and a turn for the worse for key financial shares was offset by money moving into small-cap commodity and consumer stocks. At 9:52 a.m. ET, the Russell 2000 (NYSE:IWM) was down 3.43, or 0.49%, at 694.20.

The tech-laden Nasdaq index bore the brunt of early selling interest, fueled by disappointing earnings results from benchmark companies like Apple Inc. (Nasdaq:AAPL) and Texas Instruments (NYSE:TXN), which were off 9% and 15% shortly after the open. Also, Vodafone Group (NYSE:VOD) slumped 13% as the mighty European-based mobile phone company lowered its outlook.

Within the financial arena, Wachovia Corp. (NYSE:WB) shed 10% early, snapping a run of positive surprises in the banking sector from recent days. WB, the fourth-largest U.S. bank, posted disappointing earnings, slashed dividends and announced sizable job cuts. Also, American Express (NYSE:AXP) was down 10% after missing the Street’s forecast, which triggered some analyst downgrades and a widening of credit default swap spreads (meaning it costs more to protect debt on the firm).

Comments this morning from Philadelphia Federal Reserve Bank President Charles Plosser had a decidedly hawkish tone and pulled down interest rate futures while supporting the U.S. dollar, but his remarks seemed to have a muted impact on stocks. Plosser said that “we will need to reverse course” on the policy front, and that the inflation picture is getting worse. Plosser is seen as one of the more hawkish members of the Fed and there seems to be a growing divide between policy members lately.

Goldman Sachs analyst Ed McKelvey addressed that very topic in a research report this morning titled “Mixed Messages from the Fed: Listen to Bernanke First.” Goldman’s McKelvey said that not all Fed officials are created equal and that the Bernanke Fed allows more dissent than typical policy boards. More importantly, the . . .

Small-cap stocks pushed slightly higher on the open, lifted by positive earnings news on the banking front and by fresh M&A developments. At 10:03 a.m. ET, the Russell 2000 (NYSE:IWM) was up 2.59, or 0.37% at 695.68.

The leading indicators report, which came out at 10:00 a.m. ET, was in line with the forecast for a dip of 0.1% and had almost no immediate impact on the market. Overall, this is a very light week for economic data, but it will be a huge week for earnings results.

In what has become an ongoing trend, a major U.S. bank has posted better-than-expected earnings. This time around, the good news was from Bank of America (NYSE:BAC), as the nation’s largest retail bank topped the Street earnings forecast and jumped 7% shortly after the open. The earnings surprise follows on the heels of better-than-expected results last week from Wells Fargo & Co (NYSE:WFC), JP Morgan (NYSE:JPM) and Citigroup (NYSE:C).

Within the financial spectrum, government-sponsored mortgage lenders Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) were solidly higher this morning in the wake of weekend comments from Treasury Secretary Henry Paulson, who said that he expects Congress to quickly pass his bail-out program for GSEs. Paulson also said that 99% of the nation’s banks were healthy, but that the U.S. economy could be in a period of slow growth for “a while.”

Traders will keep a close watch on crude oil price movement this morning as the market for black gold was on the rise into the stock market opening, up about $1.50 dollars a barrel near $130.50. The energy market was walking a tightrope between soft demand concerns vs. holding a weather premium as Tropical Storm Dolly . . .

Shares of thermal processing systems maker BTU International, Inc. (Nasdaq: BTUI) have cooled off, down $1.47, or 10%, to $13.16, at 3:36 p.m. ET following news of a quarterly profit decline.

The net income for the second quarter ended July 1, 2007 was $0.2 million, or $0.02 per share, compared with a net income of $0.7 million, or $0.07 per share, during the same three months of 2006, the North Billerica, Mass.-based company announced after Tuesday’s close.

Wall Street was looking for earnings of $0.10 per share.

GPC Biotech AG (Nasdaq: GPCB), Wavecom S.A. (Nasdaq: WVCM) and Versar Inc. (AMEX: VSR) are the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage losers: