Tag - POWL

Delta Natural Gas Co Inc (Nasdaq:DGAS), Seanergy Maritime Units (Nasdaq:SRG.U) and Heckmann Corp (Nasdaq:HEK) are among the new 52-week highs in Thursday's trading among companies with market capitalizations under $750 million.

American Israeli Paper Mills Ltd (Nasdaq:AIP), Powell Industries Inc (Nasdaq:POWL) and American Ecology Corp (Nasdaq:ECOL) are also among the new 52-week highs.

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

GeoResources Inc (Nasdaq:GEOI), Callon Petroleum Co (NYSE:CPE) and Powell Industries Inc (NYSE:POWL) are among the new 52-week highs in Thursday's trading among companies with market capitalizations under $750 million.

Metallica Resources Inc (Nasdaq:MRB), Encore Energy Partners LP (AMEX:ENP) and Innophos Holdings Inc (NYSE:IPHS) are also among the new 52-week highs.

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

Small-cap stocks took a tumble Wednesday, rattled by another record high in crude oil prices which could stunt an already tenuous economic recovery in the U.S by crimping consumer spending and raising costs for businesses. The Russell 2000 (NYSE:IWM) lost 13.57, or 1.86%, closing at 716.21.

The relentless advance in crude oil prices saw the market shoot up to $123 dollars a barrel Wednesday, stoked by ongoing jitters about supply out of Africa and geopolitical tensions in the Middle East. In addition, tight diesel stocks on the weekly Energy Information Administration report fueled additional buying in the energy arena. With national pump prices around $3.50 a gallon and the summer driving season peak still ahead of us, consumers likely will be in a dour mood about the prospect of even higher prices on the horizon.

Equities got an early boost this morning into the opening when the productivity report came in above expectations, up 2.2% versus the forecast for a gain of 1.6%. The market has seen a run of recent economic numbers that have topped the projection, but with equities knocking on the door of four-month highs, it didn’t appear to be enough good news to sustain the run.

In addition, the U.S. dollar shot higher against the euro, which has been a supportive element for equities lately — on the rare instances when the greenback mounts a rise against the euro.

However, some traders saw the dollar’s gain as being more indicative . . .

Shares of Powell Industries Inc. (Nasdaq: POWL) are down following news the Houston-based maker of electrical energy control equipment lowered its fiscal 2007 outlook and narrowed its quarterly profit.

The net income for the fiscal 2007 second quarter ended March 31 was $2.3 million, or $0.20 per share, compared with restated net income of $3.8 million, or $0.34 per share, in the second quarter of fiscal 2006, the company said before the opening bell.

Shares of Solarfun Power Holdings Co., Ltd. (Nasdaq: SOLF), a Chinese solar cell manufacturer, are down over 17% after the company before the start of trading today announced a plunge in quarterly revenue. The Shanghai-based company swung to a loss for the first quarter ended March 31 of $0.3 million, down from a $4.3 million profit in the same period of 2006. The company’s revenue nearly doubled to $24 million from $13.3 million a year earlier, but operating expenses soared to $3.7 million, up from $0.4 million in the 2006 period. Solarfun also announced it is lowering its 2007 revenue prediction to between $250 million and $279 million, down from its earlier forecast of $265 million to $285 million.

In midday trading, Powell Industries, Inc. (Nasdaq: POWL) shares are trading lower on the announcement before Wednesday’s opening that the electricity equipment company’s second-quarter revenue was $1.5 million lower than a year earlier. The Houston-based company announced a profit of $2.3 million, or $0.20 a share, for the second quarter ended April 30, down from $3.8 million, or $0.34 a share, in the year-ago period. The company also announced it is lowering its fiscal year earnings outlook to between $0.75 and $0.85 a share, down from earlier guidance of between $1.20 and $1.45 a share. CEO Thomas Powell attributed the lowered guidance to acquisition costs and the lowered earnings.

These are the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $500 million:

April 16 (SmallCapInvestor.com) –The Russell 2000 index is close to its record high in midday trading today, as stocks are boosted by news of strong results in the financial sector and a drop in the price of oil.  Fremont General Corporation (NYSE: FMT) is up following news it will sell $2.9 billion worth of loans, while shares of Streamline Health Solutions Inc. (Nasdaq: STRM) secured a new client, lifting its stock price.

At 1:41 PM the Russell 2000 had added 9.46 points, or 1.15 percent, to 828.84, within reach of its record close of 829.44.  The Dow Jones Industrial Average was up 99.79 points, or 0.79 percent, to 12,711.92.

These are the biggest percentage losers in mid-session trading among companies with market capitalizations under $500 million: