Tag - Pccc

Monarch Casino & Resort Inc. (Nasdaq:MCRI), Kronos Worldwide Inc. (Nasdaq:KRO) and Unitil Corp. (Nasdaq:UTL) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Willis Lease (Nasdaq:WLFCP), Vanda Pharmaceuticals Inc. (Nasdaq:VNDA), Asset Acceptance Capital Corp. (Nasdaq:AACC), China Natural Resources Inc. (Nasdaq:CHNR), PC Connection, Inc. (Nasdaq:PCCC) and United Western Bancorp Inc. (Nasdaq:UWBK).

American Land Lease Inc. (Nasdaq:ANL), Oceanfreight Inc. (Nasdaq:OCNF) and ArcSight Inc. (Nasdaq:ARST) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Eagle Bulk Shipping Inc. (Nasdaq:EGLE), PC Connection, Inc. (Nasdaq:PCCC), Century Aluminum Co. (Nasdaq:CENX), AnnTaylor Stores Corp (Nasdaq:ANN), Safe Bulkers Inc. (Nasdaq:SB) and Capital Bank Corp . (Nasdaq:CBKN).

Providence Service Corp (Nasdaq:PRSC), PC Connection, Inc (Nasdaq:PCCC) and PLX Technology Inc (Nasdaq:PLXT) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Taylor Capital Group Inc (Nasdaq:TAYC), Virtual Radiologic Corp (Nasdaq:VRAD), Harmonic Inc (Nasdaq:HLIT), Cognex Corp (Nasdaq:CGNX), Zoran Corp (Nasdaq:ZRAN) and Pyramid Oil Co (Nasdaq:PDO).

Here are the biggest percentage losers among small caps:

PC Connection Inc. (Nasdaq:PCCC) has fallen 24% to a 52-week low today after providing a bleak business update that misses Wall Street expectations ahead of the opening. The Merrimack, N.H.-based company said it will report a slight increase in year-over-year sales. For the quarter ended June 30, net sales were $449.4 million, up 1.9%. Net income was $5.1 million, or $0.19 per share, compared with $5.8 million, or $0.21 per share, for the same quarter a year ago. Analysts were expecting earnings per share of $0.23 on revenues of $461.1 million. The company will provide its complete earnings report on July 31 ahead of the opening.

“We believe the current economic environment has affected the demand for information technology solutions during this past quarter, and we see this trend continuing into the third quarter,” said Patricia Gallup, chairman and CEO in a statement.

Shares of PC Connection are at $6.63 at 10:56 a.m. ET, down $2.11 from Monday’s close. The stock fell to a low for the year at $6.60 shortly after today’s opening. Trading volume is about half the average number of shares.

Small-cap stocks shot higher Thursday, lifted by a strong performance for the U.S. dollar, sinking energy prices and renewed enthusiasm for technology and retail shares. At the close, the Russell 2000 (NYSE:IWM) rose 13.57, or 1.89%, to 729.75, the highest daily close since Feb. 3, the second-highest close since Jan. 3, and the fourth-highest close of the year.

The greenback climbed to the highest point against the euro since March 25, and was flirting with the highest daily close versus the yen since late February. A recovery in the dollar would suggest that the U.S. economy may have endured the worst of the slowdown, and would also increase purchasing power of foreign goods. There is also some thought that a resurgence in the dollar could trigger a massive unwinding of short dollar/long energy plays that could ignite a wave of buyers back into equities.

Clearly, the energy market was a source of enthusiasm for stock market bulls Thursday, as crude oil prices slumped to 112.55, down nearly 6% from the peak seen earlier this week as rising inventory and a strong dollar take a toll on crude values. Within the energy sector, investors were chilly to earnings from group leader Exxon Mobil Corp. (NYSE:XON), whose shares slipped about 3.4%.

Within broad market sectors, pretty much anything tied to energy or commodities was soft; with gas, oil and gold shares all down. Big losses were also seen in metals and mining stocks, which were off almost 5%. On the plus side, education services . . .

Small-cap stocks surged midday buoyed by a rallying U.S. dollar, falling oil prices and better-than-expected economic data.

At 1:41 p.m. ET, the Russell 2000 (NYSE:IWM) was up 12.26, or 1.71%, to 728.44, while the Dow spiked 183.03, or 1.43%, to 13,003.16.

The greenback has been charging higher today. Midday, the dollar had rallied more than 1% against the euro to $1.5451 — its highest point since late March. The dollar’s rally comes on the heels of Wednesday’s 25 basis point cut in the fed funds rate.

“[The] market is indicating to the Fed that the Fed has done enough,” Andy Busch, Global foreign exchange strategist for BMO Capital Markets said in an email. “Sometimes it is more important to see how the market reacts to data/event rather than the data/event themselves. This is the case today, as we had relatively weak jobless claims coupled with as expected personal income/personal spending and the U.S. dollar rallied hard. To me, this signals a clear break in the downtrend for the U.S. dollar.”

As the dollar rallied, crude oil dipped $2.58 to $110 a barrel, after tumbling hard yesterday on a jump in inventories.

In economic news, better-than-expected numbers from the ISM Manufacturing Survey and consumer spending helped lift stocks.

The ISM Manufacturing Survey — released at 10:00 a.m. ET — came in at 48.6%, slightly above the forecasted 48%. While, anything below 50 signifies contraction, the index has not fallen far enough to signal a broader recession. Skittish traders were also calmed after the Commerce Department reported this morning that consumer spending rose a more-than-predicted 0.4% in March. Consumer spending accounts for two-thirds of the GDP. 

On a cloudier economic note, investors shrugged off worse-than-expected economic data. The Construction Spending report, which came out this morning, was down 1.1%, which was below the forecasted loss of 0.6%.

Weekly Jobless Claims data reported this morning before the opening also clocked in worse than anticipated. For the week ended April 26, jobless claims jumped to 380,000, above the forecasted 360,000.

LHC Group, Inc. (Nasdaq:LHCG), Volcom, Inc. (Nasdaq:VLCM) and PC Connection Inc. (Nasdaq:PCCC) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $750 million.

Encore Capital Group (Nasdaq:ECPG), O2MICRO Intl Ltd. (Nasdaq:OIIM) and Comsys IT Partners (Nasdaq:CITP) are also among the top small-cap percentage gainers.

Here are Thursday's biggest percentage gainers among small caps:

Globalstar, Inc. (Nasdaq:GSAT), Agria Corp. (NYSE:GRO) and Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) were among the new 52-week lows established during Tuesday's trading among companies with market capitalizations or values under $750 million.

Boise Inc. (NYSE:BZ), Merrimac Industries (AMEX:MRM) and PC Connection, Inc. (Nasdaq:PCCC) were also among the 52-week small-cap lows.

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

Data I/O Corp. (Nasdaq: DAIO), Transcend Services, Inc. (Nasdaq: TRCR) and Mercury Computer Systems Inc. (Nasdaq: MRCY) 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:

PC Connection, Inc. (Nasdaq: PCCC), a direct marketer of IT products and services, this morning reported robust earnings for the third quarter.

For the three months ended Sept. 30, the Merrimack, N.H.-based company recorded net income of $7.7 million, or $0.28 per share, above the sole analyst’s estimate of $0.23 per share, as polled by Thomson. The small cap earned $4.4 million, or $0.17 per share, for the same quarter last year.

Net sales were $456.5 million, an increase of 9.9% over sales of $415.2 million for the third quarter of 2006. An analyst polled by Thomson forecasted sales of $455.08 million for the quarter.

Shares of PC Connection (PCCC) gained $1.20, or 8.7%, to $14.99 in pre-market trading. Shares of PC Connection have been trading in the range of $9.16 to $18.80 for the past 52 weeks.

Technology products direct marketer PC Connection, Inc. (Nasdaq: PCCC) shares are up after the Merrimack, N.H.-based company reported increased second-quarter earnings. For the three months, the company recorded revenue of $5.8 million, or $0.21 per share, compared with $3.1 million, or $0.12 per share, a year earlier.

Wall Street analysts were expecting $0.19 earnings per share on $432.3 million in revenue.

PC Connection's quarterly income was $9 million, up from $5.76 million in the prior year's second quarter. During the period, net sales increased to $441.1 million, from $408.1 million.

"We are pleased with the solid overall year-over-year sales growth of PC Connection, Inc. GovConnection, our Public Sector business, led the way with a 17% increase in revenue," CEO Patricia Gallup said. "We also achieved strong growth in earnings with a 57% increase in operating income and a 75% increase in earnings per share over the second quarter of 2006."

In late afternoon trading, shares of the small-cap company were up $1.09, or 9.12%, at $13.04. Over the last 52 weeks, shares have ranged between $5.61 and $18.80.

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