Tag - WSCI

Heritage-Crystal Clean, Inc. (Nasdaq:HCCI), Prestige Brands Holdings, Inc. (NYSE:PBH) and WSI Industries, Inc. (Nasdaq:WSCI) were among the new 52-week highs established during Thursday's trading among companies with market capitalizations or values under $750 million.

Jinpan International Ltd. (AMEX:JST), Republic Bancorp, Inc. (Nasdaq:RBCAA) and National Research Corp. (Nasdaq:NRCI) were also among the 52-week small-cap highs.

Here are Thursday's 52-week small-cap highs:

Pyramid Oil Co. (AMEX:PDO), James River Coal Co. (Nasdaq:JRCC) and WSI Industries, Inc. (Nasdaq:WSCI) were among the new 52-week highs established during Monday's trading among companies with market capitalizations or values under $750 million.

Gencor Industries, Inc. (Nasdaq:GENC), UFP Technologies, Inc. (Nasdaq:UFPT) and AgFeed Industries, Inc. (Nasdaq:FEED) were also among the 52-week small-cap highs.

Here are Monday's 52-week small-cap highs:

UFP Technologies, Inc. (Nasdaq:UFPT), WSI Industries, Inc. (Nasdaq:WSCI) and United States Oil Fund LP (AMEX:USO) were among the new 52-week highs established during Wednesday's trading among companies with market capitalizations or values under $750 million.

Clayton Williams Energy, Inc. (Nasdaq:CWEI), Danvers Bancorp, Inc. (Nasdaq:DNBK) and PHI Inc. (Nasdaq:PHIIK) were also among the 52-week small-cap highs.

Here are today's 52-week small-cap highs:

Gencor Industries, Inc. (Nasdaq:GENC), Aehr Test Systems (Nasdaq:AEHR) and Stepan Co. (NYSE:SCL) were among the new 52-week highs established during Tuesday's trading among companies with market capitalizations or values under $750 million.

Southside Bancshares, Inc. (Nasdaq:SBSI), Clayton Williams Energy, Inc. (Nasdaq:CWEI) and WSI Industries, Inc. (Nasdaq:WSCI) were also among the 52-week small-cap highs.

Here are today's 52-week small-cap highs:

WSI Industries, Inc. (Nasdaq:WSCI), K-Tron International, Inc. (Nasdaq:KTII) and Adept Technology, Inc. (Nasdaq:ADEP) were among the new 52-week highs established during Monday's trading among companies with market capitalizations or values under $750 million. 

Argan, Inc. (AMEX:AGX), Rex Energy Corp. (Nasdaq:REXX) and Aehr Test Systems (Nasdaq:AEHR) were also among the 52-week small-cap highs.

Here are today's 52-week small-cap highs:

WSI Industries, Inc. (Nasdaq: WSCI), a provicer of metal components for precision contract metal machining said after Thursday’s close that it secured a new customer that it expects will generate approximately $2 million in sales in fiscal 2009. Shares advanced 16%, or $1.23, to $8.91 in pre-market trading.

For detailed price information and recent news stories about WSI Industries, click WSCI.  

The Russell 2000 (NYSE: IWM) edged out a gain while the Dow Jones Industrial Average (INDU) fell after news of weak earnings from Bank of America (NYSE: BAC) and Pfizer (NYSE: PPE) reminded investors that the subprime crisis is negatively impacting corporate earnings. The small-cap index added 0.14 points, or 0.02%, to 825.03. The Dow shed 3.58 points, or 0.03%, to 13,888.96.

Bank of America Corp.’s third-quarter net income plunged 32% due to write-downs on leveraged buyout loans and higher credit loss provisions. The firm’s third-quarter profit was $3.7 billion, or $0.82 per share, below analyst expectations of $1.06 per share and from $5.4 billion, or $1.18 per share, during the same period of 2006.

In other bearish news, Pfizer Inc.’s third-quarter net income plummeted 77%, due to a $2.8 billion charge related to the company exiting its insulin product Exubera. The company made the decision to exit Exubera because of intense competition from generic competitors. Pfizer’s third-quarter net income totaled $0.76 billion, or $0.11 per share, below Wall Street projections of $0.52 per share and from $3.36 billion, or $0.46 per share, a year earlier.

At 8:30 a.m., the U.S. Department of Labor said the number of Americans filing first-time applications for state unemployment benefits increased beyond economists’ expectations. For the week ended Oct. 13, the number of initial jobless claims rose to 337,000, above a forecast 315,000 and compared with 309,000 during the prior week.

WSI Industries, Inc. (Nasdaq: WSCI), upgraded its fiscal 2008 sales outlook today on its energy business.

The company now expects to bring in between $10 million to $11 million for fiscal 2008, compared with the company’s previous guidance range of about $6 million to $8 million.

The company also noted that it has a backlog for its energy business through calendar year 2009.

WSI Industries said it will release its full year fiscal 2007 earnings on Oct. 23 after market close.

WSI Industries is a contract manufacturer specializing in the machining of complex, high-precision parts for industries, including avionics, aerospace and defense, and energy.

Shares of WSI Industries (WSCI) jumped 27.66%, or $1.43, to $6.60 at 12:24 p.m. ET. Shares of WSI Industries have been trading in the range of $2.71 to $7.15 for the past 52 weeks.

Fonar Corp. (Nasdaq: FONR), WSI Industries, Inc. (Nasdaq: WSCI) and A. Schulman, Inc. (Nasdaq: SHLM) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $750 million.

Here are today's biggest percentage gainers:

The Russell 2000 (NYSE: IWM), along with the other major U.S. indices, is treading lower this morning after disappointing earnings from Bank of America Corp. (NYSE: BAC) refreshed investors’ concerns that the subprime mortgage debacle is materially cutting into corporate earnings and the economy.

At 10:37 a.m. ET, the small-cap index had shed 1.33 points, or 0.16%, to 823.56. The Dow Jones Industrial Average (INDU) was down 25.61 points, or 0.18%, to 13,866.93.

Bank of America’s third-quarter net income plunged 32% on account of write-downs on leveraged buyout loans and higher credit loss provisions. The firm’s third-quarter profit was $3.7 billion, or $0.82 per share, below analyst expectations of $1.06 per share and from $5.4 billion, or $1.18 per share, during the same period of 2006.

Adding to bearish earnings news, Pfizer Inc.’s (NYSE: PFE) third-quarter net income plummeted 77%, due to a $2.8 billion charge related to the company exiting its insulin product, Exubera. The company made the decision to exit Exubera because of intense competition from generic competitors. Pfizer’s third-quarter net income totaled $0.76 billion, or $0.11 per share, below Wall Street projections of $0.52 per share and from $3.36 billion, or $0.46 per share, a year earlier.

Earnings from Bank of America and Pfizer overshadowed Nokia Corp.’s (NYSE: NOK) strong third-quarter results. The mobile device maker reported an 85% increase in third-quarter profit, on a 26% increase in the number of phones shipped in the quarter.

As stocks sold off, treasuries rose for the fourth straight trading session for the first time since August, as the effects of the credit crisis reared its ugly head on reducing earnings at some of the largest U.S. banks. The yield on the two-year note fell to 3.92% at 10:06 a.m.

The odds for a quarter-percentage point Fed rate cut at the Oct. 31 meeting rose to 68% odds from a 54% chance Wednesday. The increased odds of a Fed rate cut sent the dollar tumbling to a record low against the euro. The dollar fell to $1.42 against the euro at 11 a.m. ET.

The Russell 2000 (NYSE: IWM) futures are pointing lower and the small-cap index will be weighed down by feeble earnings from Pfizer (NYSE: PFE) and Bank of America (NYSE: BAC).

Bank of America Corp.’s third-quarter net income plunged 32% due to write-downs on leveraged buyout loans and higher credit loss provisions. The firm’s third-quarter profit was $3.7 billion, or $0.82 per share, below analyst expectations of $1.06 per share and from $5.4 billion, or $1.18 per share, during the same period of 2006.

In other bearish news, Pfizer Inc.’s third-quarter net income plummeted 77%, due to a $2.8 billion charge related to the company exiting its insulin product Exubera. The company made the decision to exit Exubera because of intense competition from generic competitors. Pfizer’s third-quarter net income totaled $0.76 billion, or $0.11 per share, below Wall Street projections of $0.52 per share and from $3.36 billion, or $0.46 per share, a year earlier.

At 8:30 a.m., the U.S. Department of Labor said the number of Americans filing first-time applications for state unemployment benefits increased beyond economists’ expectations. For the week ended Oct. 13, the number of initial jobless claims rose to 337,000, above a forecast 315,000 and compared with 309,000 during the prior week.

Here are the biggest percentage gainers and losers in pre-market trading among companies with a market cap below $750 million:

Biggest percentage gainers:

• WSI Industries, Inc. (WSCI), up 23.8%.
• Fonar Corp. (FONR), up 19%.
• HSW International Inc. (HSWI), up 19%.

Biggest percentage losers:

• LK International Inc. (JADE), down 20.5%.
• Nektar Therapeutics (NKTR), down 18.3%.
• Syneron Medical Ltd. (ELOS), down 15%.

Slade's Ferry Bancorp (Nasdaq: SFBC), Metabolix, Inc. (Nasdaq: MBLX) and Salary.com, Inc. (Nasdaq: SLRY) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $750 million.

Here are today's biggest percentage gainers:

Brokerage firm Jefferies & Co. raised its rating on Smith Micro Software, Inc. (Nasdaq: SMSI), a maker of software for wireless devices, to “buy” from “hold.”

The Philadelphia Inquirer reported this morning that the sale of Trump Entertainment Resorts, Inc. (Nasdaq: TRMP) could be announced this week, according to people familiar with the deal.

Sangamo Biosciences, Inc. (Nasdaq: SGMO) revealed early phase data from its AIDS treatment ZFP Therapeutic program at the American Diabetes Association conference. The company reported “statistically significant” improvement in subjects with diabetes complications.

Business software maker NetScout Systems, Inc. (Nasdaq: NTCT) raised its first quarter revenue guidance to between $27 million and $28 million, up from its prior guidance of $26 million to $27 million.

Biopharmaceutical company Neurogen Corp. (Nasdaq: NRGN) reported positive top-line results for the mid-phase study of its insomnia treatment NG2-73.

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

Stocks ended the day in positive territory following reports that U.S. economic growth has sifted into higher gear. The Russell 2000 moved up 3.63 points, or 0.43%, to finish at 839.81. The Dow Jones Industrial Average gained 56.42 points, or 0.42%, to 13,545.84.

The Conference Board’s index of leading indicators increased 0.3% in May, the non-profit global business organization said after the start of trading. That comes after an identical drop in April. The index is seen as one gauge of the U.S. economy’s direction.

Elsewhere, the monthly factory index released by the Philadelphia branch of the U.S. Federal Reserve shot up to 18 in June, the highest level in more than two years. Economists were anticipating a rise to 7. Readings above zero signal an expansion of the manufacturing sector.