Tag - HRBN

Petroleum Development Corp. (Nasdaq:PETD), Jazz Pharmaceuticals Inc. (Nasdaq:JAZZ) and Seattle Genetics (Nasdaq:SGEN) are among the most actively traded companies in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: IMAX Corp. (Nasdaq:IMAX), ADC Telecommunications Inc. (Nasdaq:ADCT), Silver Standard Resources Inc. (Nasdaq:SSRI), Harbin Electric Inc. (Nasdaq:HRBN), China Housing & Land Development Inc. (Nasdaq:CHLN) and Clean Energy Fuels Corp. (Nasdaq:CLNE).

CenterState Banks Inc. (Nasdaq:CSFL), Sequenom Inc. (Nasdaq:SQNM) and THQ Inc. (Nasdaq:THQI) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Micromet Inc. (Nasdaq:MITI), Cathay General Bancorp (Nasdaq:CATY), KapStone Paper and Packaging Corp. (Nasdaq:KPPC), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Harbin Electric Inc. (Nasdaq:HRBN) and Energy Conversion Devices Inc. (Nasdaq:ENER).

STEC Inc. (Nasdaq:STEC), Palm Inc. (Nasdaq:PALM) and Hibbett Sports Inc. (Nasdaq:HIBB) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: UAL Corp. (Nasdaq:UAUA), GMX Resources Inc. (Nasdaq:GMXR), Sequenom Inc. (Nasdaq:SQNM), Harbin Electric Inc. (Nasdaq:HRBN), Force Protection Inc. (Nasdaq:FRPT) and DrdGold ADR (Nasdaq:DROOY).


Also included among the results: UAL Corp. (Nasdaq:UAUA), GMX Resources Inc. (Nasdaq:GMXR), Sequenom Inc. (Nasdaq:SQNM), Harbin Electric Inc. (Nasdaq:HRBN), Force Protection Inc. (Nasdaq:FRPT) and DrdGold ADR (Nasdaq:DROOY).

The Russell 2000 edged slightly higher in a relatively tame post-holiday session, . . .

Small-cap stocks edged slightly higher in a relatively tame post-holiday session, climbing into positive ground just minutes before the close, with support from financial, manufacturing and construction stocks countered by a weak tone in energy and technology shares. Also, retailer stocks were struggling on an important day that signals the kick-off for holiday shopping.

The Russell 2000 (NYSE:IWM) closed up 4.28, or 0.91% at 473.14, putting the finishing touches on a stellar week (which saw the Dow have the best percentage gain in more than 70 years). For 2008, the Russell 2000 is now down 38%. Meanwhile, the Dow is down 33% and the S&P 500 is off 39% for 2008.

Crude oil prices took a hit today, with futures down 5% and the price of crude slipping back below $52 a barrel. Energy shares were a major drag on the overall market performance today, with the Energy Select Sector SPDR Fund off some 1.7%.

Tech stocks started out the day in a dour mood following declines in Europe when major chip-maker STMicroelectronics lowered its outlook. Tech shares persistently trailed major indices today and the tech-laden Nasdaq 100 dipped 0.6%. Europe shares struggled in general today following news that unemployment rates in the Eurozone tumbled to 20-month highs and confidence tumbled to 15-year lows.

Dow component Wal-Mart Stores Inc. (NYSE:WMT) – the only Dow stock up for the year – took a 1.4% hit today, perhaps tied to news that an employee was killed in the rush of Black Friday shoppers when a store in New York opened early this morning. Four shoppers, including a pregnant woman, were also treated for injuries in the stampede incident, adding a new somber meaning to the “Black Friday” moniker. The S&P Retail Index was down 1.7% today, perhaps a caution sign for not just retailers, but the overall consumer spending mentality heading through year-end. However, there remains a sense that much of the “bad news” about the holiday season and the . . .

Zhongpin Inc. (Nasdaq:HOGS), Daktronics Inc. (Nasdaq:DAKT) and Harbin Electric Inc. (Nasdaq:HRBN) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: ViewPoint Financial Group (Nasdaq:VPFG), Rambus Inc. (Nasdaq:RMBS), Sequenom Inc. (Nasdaq:SQNM), Focus Media Holding Ltd. (Nasdaq:FMCN), Ciena Corp. (Nasdaq:CIEN) and American Capital Agency Corp. (Nasdaq:AGNC).

Shares of Harbin Electric Inc. (Nasdaq:HRBN) are rising following news that the Chinese maker of specialty micro-motors expects to quickly integrate rotary motors maker Weihai Hengda Electric Motor Co. Ltd., the acquisition of which was announced on March 28.

“We expect that the acquisition will be immediately accretive to earnings,” said Harbin Electric’s Chairman and CEO Tianfu Yang in a statement. “Furthermore, it will strengthen Harbin Electric’s business diversification strategy and increase our production capacity.”

At 2:15 p.m. ET, the stock had climbed $1.49, or 10%, to $16.47.

SmallCapInvestor.com reporter Jennifer Schonberger is reporting from the 20th Roth Capital Partners Annual OC Growth Stock Conference this week in Dana Point, Calif. The conference features presentations from more than 300 small-cap companies.

Although Harbin Electric, Inc. (Nasdaq: HRBN) has been capitalizing on the industrialization of China with the help of its linear motor segment, its automobile segment is what will propel growth going forward, said Christy Shue, executive VP of finance and investor relations for Harbin, in an exclusive interview at the 20th annual Roth OC Growth Stock Conference this week in Dana Point, Calif.

The company has several new products in development, including a specialty micro motor used for automobile back-seat folding.

Typically, car seats need 15 to 20 electric motors to move the seats. In 2006, China made 6 to 7 million cars and 2008 promises to exceed that amount, said Shue.

“The market is new,” Shue said. “As automation has grown considerably since five years ago, many low-end cars are converting to automation and cars need motors to make things automated.”

Harbin entered the specialty micro-motors space for automobile interior applications when it acquired Taifu Auto Electric in July 2007. The company’s third quarter was the first quarter for which the acquisition was accretive to revenue, which comprised 27% of third-quarter sales.

According to Shue, Harbin is the only company of its kind that manufactures this type of motor.

“Proprietary technology is what enables us a competitive advantage,” she said. “There are currently no competitors for the products we offer.”

Q.E.P. Co., Inc. (Nasdaq: QEPC), Gyrodyne Company of America, Inc. (Nasdaq: GYRO) and Tufco Technologies, Inc. (Nasdaq: TFCO) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage gainers:

The Russell 2000 index and the Dow managed a tiny gain despite early losses following news of a fall in U.S. housing starts during May. The Russell 2000 added 2.06 points, or 0.24%, to finish at 848.34. The Dow Jones Industrial Average moved up 22.44 points, or 0.16%, to 13,635.42.

U.S. housing starts fell 2.1% in May to a seasonally adjusted annual rate of 1.474 million, the Commerce Department reported before the opening bell.

Economists were projecting a decline of 3.5% to an annualized rate of 1.474, following April’s rise of 1% to 1.506 million units. On a year-over year basis, housing starts are 24% lower compared with May of 2006.

The Russell 2000 has reversed course and is trading in the negative this afternoon.  In specific company action, news of a profit increased lifted shares of TBS International Ltd. (Nasdaq: TBSI), while a narrower profit caused shares of Kreisler Manufacturing Corp. (Nasdaq: KRSL) to dip.

At 2:30 p.m. ET the Russell 2000 had lost 3.47 points, or 0.42%, to 818.86.  The Dow Jones Industrial Average was up 75.41 points, or 0.57%, to 13,422.19.  That’s above its record close of 13,362.87, set on May 9.

Harbin Electric (Nasdaq: HRBN) a U.S.-listed company focusing on linear motor technology with operations based in Harbin, China, on March 7 announced financial results for its fourth quarter and full year ended Dec. 31, 2006.

Revenues surged 70.9% to $40.4 million in 2006 from $23.6 million in 2005.  Net income increased 84.4% to $18.4 million, or $1.01 per diluted share, from $10.0 million, or $0.67 per diluted share, in 2005.  It should be noted that $6.7 million, or $0.35 per diluted share, of the $18.4 million is related to a change in the fair value of warrants.

In the fourth quarter of 2006, revenues grew 66.9% to $12.0 million, from $7.2 million a year earlier. Strong sales of linear motor and special motor products drove revenues, according to the company. The fourth quarter earnings growth was strong at 146.1% to $6.7 million, from $3.0 million in the year-ago quarter. It should be noted that $4.2 million of the $6.7 million is related to a change in the fair value of warrants.

Harbin Electric (Nasdaq: HRBN) a U.S.-listed company focusing on linear motor technology, with operations based in Harbin, China, on March 7 announced financial results for its fourth quarter and full year ended December 31, 2006.