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Will Atkinson

Jones Soda Co. leads Monday small-cap pre-market volume

ThinkEquity reportedly raised its ratings on Jones Soda Co. (Nasdaq: JSDA) to “buy” from “accumulate.”

Formula Systems (Nasdaq: FORTY) is selling its 46% interest in software maker BluePhoenix Solutions (Nasdaq: BPHX) to a group of international institutional investors for $8.80 per share, which is a 9% discount from Friday’s closing price.

OC Oerlikon AG and Microvision, Inc. (Nasdaq: MVIS) reported the companies are collaborating to bring an ultra-miniature display technology to market, with a variety of opportunities for automotive and consumer applications.

Investment bank C.E. Unterberg, Towbin reiterated its “buy” rating for Ceragon Networks Ltd. (Nasdaq: CRNT) and set a target price of $14 per share.

The following are the most actively traded companies in Monday pre-market trading among those with market capitalizations under $500 million:

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