Tween Brands, Rainier Pacific Financial and Energy Recovery among 52-week lowsTween Brands Inc. (Nasdaq:TWB), Rainier Pacific Financial Group (Nasdaq:RPFG) and Energy Recovery Inc. (Nasdaq:ERII) are among the new 52-week lows in Wednesday's trading among companies with market capitalizations under $1 billion. Also included among the results: Horsehead Holding Corp. (Nasdaq:ZINC), China East Air (Nasdaq:CEA), Clean Diesel Technologies (Nasdaq:CDTI), LNB Bancorp Inc. (Nasdaq:LNBB), IRSA (Nasdaq:IRS) and Guidance Software Inc. (Nasdaq:GUID). Here are the new 52-week lows among small caps:
China East Air Depository Receipt, Britannia Bulk Holdings and China Southern Airlines among 52-week lowsChina East Air Depository Receipt (Nasdaq:CEA), Britannia Bulk Holdings Inc (Nasdaq:DWT) and China Southern Airlines (Nasdaq:ZNH) are among the new 52-week lows in Monday's trading among companies with market capitalizations under $1 billion. Also included among the results: Guidance Software Inc. (Nasdaq:GUID), FPB Bancorp Inc. (Nasdaq:FPBI), LNB Bancorp Inc. (Nasdaq:LNBB), First Keystone Financial Inc. (Nasdaq:FKFS), CryptoLogic Ltd. (Nasdaq:CRYP) and Strattec Security Corp. (Nasdaq:STRT). Here are the new 52-week lows among small caps:
Guidance Software slides to 52-week-low after disappointing Q2Shares of Guidance Software Inc. (Nasdaq: GUID) plunged 37% this morning, hitting a new 52-week-low in the face of disappointing second quarter earnings released after the close on Thursday. For the three months ended June 30, the Pasadena, Calif-based company posted a net loss of $2.6 million, or $0.11 per share, versus a net loss of $1 million, or $0.04 per share in the same quarter of the previous year. Analysts had expected Guidance to turn a profit of $0.02 per share for the quarter. Guidance cited lower than expected orders for one of its products, EnCase Enterprise, for the loss. This morning, Roth Capital downgraded the stock from “Buy” to “Hold” while Wachovia downgraded it from “Outperform” to “Market Perform.” At 12:55 ET , Guidance is at $6.65, down 37% from Thursday’s close, after trading as low as $6.14 earlier in the day. The stock had traded between 47.80 and $14.89 in the past 52 weeks. For detailed price information and recent news stories about Guidance Software, click GUID.
Oil’s drop causes spike in small capsSmall caps spiked out of the gate and remained at lofty levels as oil slumped and the dollar climbed, taking the limelight off Fannie Mae’s staggering loss and lower-than-expected productivity gains. At 12:47 p.m. ET, the Russell 2000 (NYSE:IWM) soared 16.35, or 2.29% at 729.76, while the Dow crusaded 235.55, or 2.06%, to 11,666.98. Oil has pulled back on the session as the dollar continues to stage a rally initially triggered by the ECB’s dovish comments Thursday. Talk that a damaged pipeline in Turkey could be fixed sooner than anticipated also pushed down crude. A barrel of crude oil slumped $3.58 to roughly $116 at midday. Oil has dropped as low as $115 during the session. Today’s slide in crude is welcome as oil’s rise has zapped so much of consumers’ spending power, which accounts for two-thirds of the economy. The greenback continues to make major strides against the euro and the yen. The dollar was roughly $1.50 versus the euro, marking major appreciation from the greenback’s close of $1.53 Thursday.
Guidance Software, Inc.: Somebody's watching youEvery website you visit and e-mail you send or receive, every phone call, voicemail or text message you exchange, every purchase you make with a debit or credit card, and virtually every piece of information on your personal and financial life compiled by commercial interests and government sources leaves a lifetime electronic footprint and paper trail. It seems that privacy, once taken for granted, is a thing of the past. It could be argued that the very technological advances that make our lives more convenient have also made the all-intrusive Orwellian surveillance state more of a reality. And that suits Guidance Software, Inc. (Nasdaq: GUID), a leader in computer forensic investigation technology, just fine. Guidance's software enables law enforcement organizations, corporations and government agencies to manage, search, collect, preserve and analyze digital information across computer networks. Guidance counts Halliburton (NYSE: HAL), the U.S. Department of State and a host of Fortune 500 companies among its clients. Guidance's flagship product is EnCase, software that allows security personnel to monitor information traffic going in and out of their networks, and to sniff out and log suspicious activities by users (including specific patterns or keywords). A variation of the product is used in law enforcement labs by computer forensics investigators to collect digital evidence. EnCase can do everything from restoring "deleted" files from computer hard drives to helping catch rogue employees who are emailing company secrets to competitors, to tracking down sources of classified information leaks. Most experts prefer EnCase to competing products like Deepdive Technologies' DD500 and Paraben Corporation's P2. spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
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