Tag - Osis

Origin Agritech (Nasdaq:SEED), Osi Systems (Nasdaq:OSIS), JA Solar Holdings (Nasdaq:JASO) and STEC Holdings (Nasdaq:STEC)are among the most actively traded companies in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: ICX Technologies (Nasdaq:ICXT), Agfeed Industries (Nasdaq:FEED), Liz Claibourne (Nasdaq:LIZ), Imax Corp (Nasdaq:IMAX) and UQM Technologies (Nasdaq:UQM).

Sigma Designs Inc. (Nasdaq:SIGM), i2 Technologies Inc. (Nasdaq:ITWO) and A Power Energy Generation Systems Ltd. (Nasdaq:APWR) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: CardioNet Inc. (Nasdaq:BEAT), i2 Technologies Inc. (Nasdaq:ITWO), OSI Systems Inc. (Nasdaq:OSIS), Conn's Inc. (Nasdaq:CONN), Tree.com Inc. (Nasdaq:TREE) and Nobility Homes (Nasdaq:NOBH).

Retalix Ltd. (Nasdaq:RTLX), Minefinders Corp Ltd. (Nasdaq:MFN) and Iowa Telecommunications Services Inc. (Nasdaq:IWA) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Electro-Optical Sciences Inc. (Nasdaq:MELA), Rome Bancorp Inc. (Nasdaq:ROME), Seabridge Gold Inc. (Nasdaq:SA), OSI Systems Inc. (Nasdaq:OSIS), Orexigen Therapeutics Inc. (Nasdaq:OREX) and BroadVision Inc. (Nasdaq:BVSN).

The Russell 2000 (NYSE:IWM) tumbled 4.18%, and is now down 9.2% for the year. The Dow is now down 7.1% for 2009, while the S&P 500 is off 6.4%. Some of today’s small-cap gainers were Innovative Solutions & Support (Nasdaq:ISSC), Pozen Inc. (Nasdaq:POZN) and OSI Systems Inc. (Nasdaq:OSIS).

Other Market Watch highlights today included:

• The weekly claims report came in at 588,000, which was slightly above the projection of 580,000.
• The number of Americans filing for continued benefits rose to 4.77 million, the highest on record.
• Durable goods orders fell for the fifth consecutive month, with the headline figure off about 2.5%, slightly below the projection for a slide of 2%.
• In Europe, confidence tumbled to the lowest level in 24 years and the German unemployment rate rose more than expected.
• Just one day after generating the second-biggest rally of the year, the Russell slumped to the third worst daily decline.
• The gloomy economic reports overshadowed corporate profit reports, but those were primarily downbeat today anyhow.
• Today was simply a seller’s market. Stocks were down, Treasury markets were down, crude oil was down, commodities were down.
• Crude oil prices closed down 1.7%, losing $0.72 a barrel, to $41.44 and energy stocks lost about 3%.
• Looking ahead to Friday’s session, the market will have another buffet of economic reports to digest, the biggest of which should be the GDP report ahead of the opening.

Small Cap Gainers:

• Innovative Solutions & Support issues Q2 2009 guidance above analysts' estimates; shares closed up 19%. See (Nasdaq:ISSC).
• Pozen Inc. informed by FDA that endoscopic gastric ulcer incidence . . .

Small-cap stocks extended the morning slide into midday trading, as a fresh run of economic data this morning suggested that the economic recession is darkening. Selling interest was heightened by a bevy of awful corporate profit reports, shuffling the previous four days of rallies into the background. Some of today’s small-cap gainers were POZEN (Nasdaq:POZN), OSI Systems Inc. (Nasdaq:OSIS) and Sepracor (Nasdaq:SEPR).

Other Market Watch highlights today included:

• The chart picture took a sudden turn for the worse today, unable to sustain Wednesday’s breakout through the recent trading range highs.  
• Energy shares fell 2.4% as the crude oil market saw the weak economic data and fretted anew about demand destruction in a global recession.  
• Gold shares were mildly higher, but just barely, with the Gold and Silver Index rising about 2%.  
• As you might expect given dreadful home sales numbers & historically high unemployment rolls, homebuilder stocks were getting bruised today.   J
• This morning’s weekly claims report showed that more Americans are now drawing unemployment insurance than at any point in history.  

Small Cap Gainers:

• POZEN informed by FDA that endoscopic gastric ulcer incidence continues to be an acceptable primary endpoint; shares climb 17% in pre-market. See (Nasdaq:POZN). 
• OSI Systems Inc. rose 16% as the electronics system designer received an earnings lift. See (Nasdaq:OSIS).  
• Sepracor rises 10% in pre-market to cut workforce despite rise in profit. See (Nasdaq:SEPR)

Small Cap Losers:

• Online futures and options broker optionsXpress Holdings Inc. fell 14% after reporting earnings. See (Nasdaq:OXPS).
• SurModics Inc. gapped lower and shed nearly 20% as the medical products company took an earnings related hit. See (Nasdaq:SRDX).  
• Inter Parfums Inc. tumbled 23%, wiping out solid recent gains in the process. See (Nasdaq:IPAR).  
• The ISE Homebuilders Index is down 5.7%; small-cap builders Centex Corp. off 5% and Meritage Homes Corp. down 12%. See (NYSE:CTX) and (NYSE:MTH). 

 

POZEN Inc. (Nasdaq:POZN), OSI Systems Inc. (Nasdaq:OSIS) and CTS Corp. (Nasdaq:CTS) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: BroadVision Inc. (Nasdaq:BVSN), Virtusa Corp. (Nasdaq:VRTU), Synta Pharmaceuticals Corp. (Nasdaq:SNTA), Old Dominion Freight Line Inc. (Nasdaq:ODFL), United Community Bancorp (Nasdaq:UCBA) and Clinical Data Inc. (Nasdaq:CLDA).

Small-cap stocks pushed lower on the opening, pressured by a sloppy batch of earnings reports this morning and another weak slate of economic reports that threatens to break a four-day winning streak for the market. Some of today’s small-cap gainers were POZEN (Nasdaq:POZN), OSI Systems Inc. (Nasdaq:OSIS) and Sepracor (Nasdaq:SEPR).

Other Market Watch highlights today included:

• Crude oil prices have been closely tethered to equities, and today’s rugged economic data reinforces the demand difficulties facing energy companies.   Crude oil prices were on the defensive this morning, with futures off some $1.60 a barrel into the stock market open.  
• The stock market appeared to extend the morning slide after the dreary home sales report.  
• New home sales fell off a cliff today, sinking 14.7% to an annual rate of 331,000 units, way below the forecast of 400,000.  

Small Cap Gainers:

• POZEN informed by FDA that endoscopic gastric ulcer incidence continues to be an acceptable primary endpoint; shares climb 17% in pre-market. See (Nasdaq:POZN). 
• OSI Systems Inc. rose 16% as the electronics system designer received an earnings lift. See (Nasdaq:OSIS).  
• Sepracor rises 10% in pre-market to cut workforce despite rise in profit. See (Nasdaq:SEPR)

Small Cap Losers:

• Banner Corp. fell 15%, gapping lower as the bank holding company announced quarterly results. See (Nasdaq:BANR).  
• Oshkosh Corp. fell 20% as the specialty equipment maker posted a quarterly loss and announced job cuts. See (NYSE:OSK).  
• Arkansas Best swings to loss on 15% lower revenue; stock slides 11% in pre-market. See (Nasdaq:ABFS).  
• DryShips in breach of some loan covenants; shares tumbles over 26% in pre-market. See (Nasdaq:DRYS). 

Small-cap stocks pushed lower on the opening, pressured by a sloppy batch of earnings reports this morning and another weak slate of economic reports that threatens to break a four-day winning streak for the market. At 10:02 a.m. ET, the Russell 2000 (NYSE:IWM) was down 11.00, or 2.32% at 462.03.

New home sales fell off a cliff today, sinking 14.7% to an annual rate of 331,000 units, way below the forecast of 400,000. The stock market appeared to extend the morning slide after the dreary home sales report.

The weekly claims report came in at 588,000, which was a tad higher than the forecast. The bleak news was on continuing claims, which rose to record highs at 4.77 million, topping the recessions from the 1970s and 1980s in the process. This was a sobering look at recent layoffs ahead of the big monthly employment report next week.

Also on the data front, the durable goods report came out at minus 2.5%, which was nominally worse than the projection for a decline of 2%. However, when stripping out the “big ticket” transportation orders, durables were off 3.6%. This marked the December report on durable goods; for the year, orders were down more than any year since 2001.

As for the latest earnings reports, Allstate Corp. (NYSE:ALL), QUALCOMM Inc. (Nasdaq:QCOM), Black and Decker Corp. (NYSE:BDK) and Fortune Brands Inc. (NYSE:FO) all posted various troubling numbers on profit reports, setting a bleak tone for the morning, just a day after investors were finding spots of good news on the profit front for buying enthusiasm.

Interestingly, all the bleak news on earnings and economic data shuttled aside excitement over the House passage of the Obama stimulus plan; but even before today’s data, the market was already lower, suggesting that the House passage wasn’t a surprise and that the market would need something fresh to . . .

Microsemi Corp. (Nasdaq:MSCC), USANA Health Sciences Inc. (Nasdaq:USNA) and OSI Systems Inc. (Nasdaq:OSIS) are among the  lead small-cap percentage losers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: First Citizens Bancorp Cleveland (Nasdaq:FCZA), Celadon Group Inc. (Nasdaq:CLDN), China Biotics Inc. (Nasdaq:CHBT), Hiveld Steel Depository Receipt (Nasdaq:HSVLY), Digital River Inc. (Nasdaq:DRIV) and Fuqi International Inc. (Nasdaq:FUQI).

Polypore International Inc. (Nasdaq:PPO), OSI Systems Inc. (Nasdaq:OSIS) and Pathfinder Bancorp Inc. (Nasdaq:PBHC) are among the new 52-week lows in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Blackboard Inc. (Nasdaq:BBBB), Sauer Danfoss Inc. (Nasdaq:SHS), ENPRO Industries Inc. (Nasdaq:NPO), Cinemark Holdings Inc. (Nasdaq:CNK), Vocus Inc. (Nasdaq:VOCS) and Triple S Management Corp. (Nasdaq:GTS).

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

Polypore International Inc. (Nasdaq:PPO), Iris International Inc. (Nasdaq:IRIS) and Sauer Danfoss Inc. (Nasdaq:SHS) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: OSI Systems Inc. (Nasdaq:OSIS), Natus Medical Inc. (Nasdaq:BABY), RGC Resources Inc. (Nasdaq:RGCO), VNUS Medical Technologies Inc. (Nasdaq:VNUS), Littelfuse Inc. (Nasdaq:LFUS) and Protective Life Corp. (Nasdaq:PL).

Here are the biggest percentage losers among small caps:

OSI Systems, Inc. (Nasdaq: OSIS), which provides specialized electronic products to security and health-care industries, said today that its Security division, Rapiscan Systems, secured a $9.3 million contract from the Transportation Security Administration (TSA) for its 620DV Advanced Technology X-ray systems.

The contract, which represents half of the total systems currently ordered by TSA, follows piloting of Advanced Technology Passenger Carry-On Bag Screening Systems at select airport locations.

OSI said it expects to begin delivering the systems to the TSA in the second quarter of its fiscal year.

Shares of OSI (OSIS) were halted ahead of the opening.

OSI Systems, Inc. (Nasdaq: OSIS), a provider of electronic products for the security and health-care industries, said his morning that its Optoelectronics and Manufacturing division has received a follow-on order for approximately $22.1 million from EDO Corp.

Under the terms of the contract, OSI will deliver electronic sub-assemblies to be used in EDO’s CREW 2.1 vehicle-mounted electronic jammer systems, which are currently under contract for final delivery to the U.S. Department of Defense.

This contract follows a previously received order from EDO in April 2007 for $5 million.

Shares of OSI (OSIS) were halted ahead of the opening.

Shares of OSI Systems, Inc. (Nasdaq: OSIS) took a dive today after the manufacturer of specialized electronic systems reported that it will swing to a loss in its fiscal first quarter, despite posting a strong profit in its fourth quarter above the Wall Street consensus.

For the first fiscal quarter ending September 30, the Hawthorne, Calif.-based company said it expects to record a net loss “significantly” less than the $0.36 per share loss reported in the first quarter of 2007. The consensus of six analysts polled by Thomson Financial was for a profit of $0.02 per share for the first three months. The first quarter has historically been the weakest quarter for the company due to seasonality issues stemming from the security and healthcare divisions.

"Although we improved our financial performance in the fourth quarter of 2007, we still have work ahead of us to accelerate organic growth, improve operating margins and generate free cash flow,” said OSI CEO Alan Edrick.

OSI said it expects to book net sales in the range of $125 million to $130 million during the first quarter, and sales between $580 million and $595 million for fiscal 2008.

For the fourth quarter ended June 30, the company recorded net income of $4.3 million, or $0.24 per diluted share, compared with net income of $0.7 million, or $0.04 per diluted share, for the fourth quarter of fiscal 2006. Six analysts on average were expecting earnings of $0.20 per share.

OSI revenues increased 22% to $152.8 million from $125.6 million booked in the fourth quarter of fiscal 2006.

OSI Systems, Inc. (Nasdaq: OSIS), First California Financial Group, Inc. (Nasdaq: FCAL) and NovaStar Financial Inc. (NYSE: NFI) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage gainers: