Tag - MEDE

American CareSource Holdings Inc (Nasdaq:XSI), Transcat Inc (Nasdaq:TRNS) and Overhill Farms Inc (Nasdaq:OFI) are among the new 52-week highs in Monday's trading among companies with market capitalizations under $1 billion.

Here are the new 52-week highs among small caps:

MEDecision Inc (Nasdaq:MEDE), Vantage Drilling Co. (Nasdaq:VTG) and Northern Oil and Gas Inc (Nasdaq:NOG) are among the new 52-week highs in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: RAM Energy Resources Inc (Nasdaq:RAME), Pyramid Oil Co (Nasdaq:PDO), Panhandle Oil and Gas Inc (Nasdaq:PHX), National Coal Corp (Nasdaq:NCOC), Kensey Nash Corp (Nasdaq:KNSY) and Integral System Inc (Nasdaq:ISYS).

Here are the new 52-week highs among small caps:

Small-cap stocks took it in the chin Wednesday, with retail stocks and financial shares falling out of favor with investors amid a gloomy economic environment and the ongoing credit crisis. The Russell 2000 (NYSE:IWM) lost 5.86, or 0.80%, to 730.71.

The S&P Retail Index crumbled nearly 2% to the second-lowest close since late March. Big-name department stores like Dillards (NYSE:DDS), JC Penney (NYSE:JCP), Nordstrom (NYSE:JWN), Kohls (NYSE:KSS), Macy’s (NYSE:M) and Sears (Nasdaq:SRLD) were all deep in the red

In the financial arena, the biggest percentage loser of the day was MF Global (NYSE:MF), the giant futures and commodities brokerage firm that was split off from Man Group last year. MF shares collapsed nearly 40%, shrinking its market cap down to about $945 million in the process. MF projected a significant decline in revenue and said it would raise $300 million to repay debt via $150 million in preference shares and another $150 million in convertible senior notes.

Although the steep freefall in MF shares was an attention grabber, the bears were active throughout the financial sector. In fact, late in the day seven of the top 10 percentage declines on the Nasdaq were either banks or financial firms. Tuesday’s slide in regional banks remained in play today, with Fifth Third Bancorp (Nasdaq:FITB) sinking nearly 20% after the firm said it would raise at least $2 billion in capital and slash dividends to help overcome credit losses.

The Dow slipped to the lowest daily close since mid-March, when the market was grappling with the collapse of Bear Stearns. For the recent move, the Dow peaked earlier than the Russell 2000, hitting a high on May 19 at 13,136. From the May 19 high to today’s low, the Dow is off 8.7%, while the Russell is only down 2.9% over that same time frame (although the Russell is off 4.8% from the early . . .

MEDecision Inc (Nasdaq:MEDE), Pyramid Oil Co (Nasdaq:PDO) and Tri-Valley Corp (Nasdaq:TIV) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Royale Energy Inc (Nasdaq:ROYL), PAM Transportation Services Inc (Nasdaq:PTSI), FieldPoint Petroleum Corp (Nasdaq:FPP), Northern Oil and Gas Inc (Nasdaq:NOG), Reddy Ice Holdings Inc (Nasdaq:FRZ) and Sonesta International Hotels Corp (Nasdaq:SNSTA).

Here are the biggest percentage gainers among small caps:

Small caps declined after the opening, made a brief resurgence during the second hour of regular trading but have continued their descent in the afternoon. Concerns about the financial sector and FedEx Corp.’s (NYSE:FDX) warning that low demand and high fuel costs will impact profits kept investors gloomy. At 1:39 p.m. ET, the Russell 2000 (NYSE:IWM) was off 9.03, or 1.23%, at 727.54.

Regional banks are taking a beating, with Marshall & Iisley Corp. (NYSE:MI) sinking 4% to a new 52-week low on analyst downgrades while Zions Bancorporation (Nasdaq:ZION) also set a fresh 52-week low, losing about 3%. Unfortunately, the news remains depressing for banks and other financial stocks, with Fifth Third Bancorp (Nasdaq:FITB) losing 14% during the afternoon session. Within the financial arena, large-cap futures and commodities broker MF Global (NYSE:MF) is plunging some 38% after the Bermuda-based firm said revenues were below the forecast and news that the company will sell convertible securities to raise capital and . . .

Provider of software, services and clinical content to healthcare payers MEDecision, Inc. (Nasdaq: MEDE), announced before the opening bell Monday that it is cutting its second quarter guidance on account of later revenue recognition of two licensing deals signed during the second quarter of 2007, ended June 30, 2007.

“This is primarily an accounting issue than it is anything else,” MEDecision CEO David St. Clair said on a conference call. “We believe we will be able to clear both of these hurdles before the end of the year and hence be able to recognize not only the term licenses, but the other revenue that must be defined until such time is viewed at those contingencies.”

MEDecision signed contracts with Blue Cross and Blue Shield of Minnesota (BCBSMN) and Lovelace Health Plan of New Mexico during the second quarter. These two new customers have licensed MEDecision’s collaborative care management suite, which includes the patient clinical summary.

Company officials said that generally term license contracts allow them to record revenue when signed; however, both of the recently signed contracts were conditioned upon MEDecision meeting certain requirements before recognizing revenue.

MEDecision now anticipates recognizing revenue from the term license contracts almost entirely in the fourth quarter of 2007. MEDecision now expects total revenue for the second quarter of 2007 to clock in between $9.2 million and $9.4 million, compared with previous guidance of $10.7 million to $11.5 million. The contracts represent aggregate term license revenues of approximately $3.2 million. 

U.S. stock indices were fluctuating on both sides of Tuesday’s closing levels this afternoon, while minutes from a monthly meeting for the U.S. Federal Reserve showed an interest rate cut is not on the horizon.   At 14:29 p.m. ET the Russell 2000 had risen 2.54 points, or 0.30%, to 840.07.  The Dow Jones Industrial Average was up 25.60 points, or 0.19%, to 13,546.94.

Shares of intellectual property licensor Forgent Networks, Inc. (Nasdaq: FORG) are trading higher following news that quarterly profit more than quadrupled.

These are the biggest percentage gainers among companies with market capitalizations under $500 million: