Tag - Rbpaa

Royal Bank Pennsylvania (Nasdaq:RBPAA), CryptoLogic Ltd. (Nasdaq:CRYP) and Reddy Ice Holdings Inc. (Nasdaq:FRZ) are among the new 52-week lows in Thursday's trading among companies with market capitalizations under $1 billion.   

Also included among the results: China East Air (Nasdaq:CEA), Bancorp Bank (Nasdaq:TBBK), Physicians Formula Holdings Inc. (Nasdaq:FACE), Radiant Systems Inc. (Nasdaq:RADS), HMN Financial Inc. (Nasdaq:HMNF) and ExlService Holdings Inc. (Nasdaq:EXLS).        

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

Assured Guaranty Ltd (Nasdaq:AGO), Photronics Inc (Nasdaq:PLAB) and Royal Bank Pennsyl Inc (Nasdaq:RBPAA) are among the new 52-week lows in Tuesday's trading among companies with market capitalizations under $1 billion.

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

Intevac, Inc. (Nasdaq:IVAC), Digi International Inc. (Nasdaq:DGII) and Royal Bancshares of Pennsylvania, Inc. (Nasdaq:RBPAA) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $750 million.

LCA-Vision Inc. (Nasdaq:LCAV), G&K Services, Inc. (Nasdaq:GKSR) and TheStreet.com, Inc. (Nasdaq:TSCM) are also among the top small-cap percentage losers.

Here are Tuesday's biggest percentage losers among small caps:

Here are Tuesday’s biggest percentage gainers and losers in midday trading, along with top volume leaders, among companies with a market cap between $50 million and $750 million:

Biggest percentage gainers:

• Allegiant Travel Co. (Nasdaq:ALGT), up 25.4% to $26.08 after the leisure travel company reported first-quarter operating revenue of $133.1 million, up 58% from $84.3 million a year earlier.
• TranS1 Inc. (Nasdaq:TSON), up 19.9% to $12.79 after news that the FDA has cleared one of their minimally evasive surgery procedures for marketing.
• Seacoast Banking Corp. of Florida (Nasdaq:SBCF), up 13.1% to $10.71 after the bank holding company announced first-quarter net income of $1.8 million, or $0.09 per share, compared with $2.8 million, or $0.14 per share, a year earlier. Wall Street analysts expected earnings of $0.10 per share.

Biggest percentage losers:

• Intevac, Inc. (Nasdaq:IVAC), down 23.4% to $12.63 after the maker hard drive equipment said it expects 2008 revenue in the range of $120 million to $150 million and earning of between a loss of $0.25 per share and a profit of $0.15 per share. Analysts expect revenue of $143.9 million and a profit of $0.09 per share.
 • Digi International Inc. (Nasdaq:DGII), down 20.8% to $8.12 after the Minnetonka, Minn.-based company reported early Tuesday that its second-quarter revenue totaled $43.1 million, which fell short of Wall Street’s expectation of $51.1 million.

The Russell 2000 (IWM) jumped earlier and higher than the other major U.S. indices as upbeat financial news sparked a rally. The small-cap index soared 17.81 points, or 2.56%, to 713.30. The Dow Jones Industrial Average (INDU) added 207.53 points, or 1.67%, to 12,650.36.

On a year-to-date basis, the Russell 2000 has declined 6.88%, while the Dow has let go 4.63% and the S&P 500 has retreated 6.12%.

Wall Street made a remarkable turn around today and posted strong gains following news midway through the session on news that bond issuer MBIA Inc. (NYSE: MBIA) will retain its top rating despite posting a record quarterly loss.

News reports quote MBIA’s CEO Gary Dunton as saying he is confident his company will maintain its AAA rating as it takes measures to raise capital.

That calmed investors and allowed the bulls to take center stage.

According to other news reports this afternoon, major rating agencies will hold off on downgrading the Armonk, N.Y.-based company, which primarily guarantees municipal bonds.

A downgrade will make it difficult for MBIA to find clients and will lower the value of many of the bonds that it insures. In turn, that will lead to a wave of write-offs at banks and other financial institutions and make it more difficult for the issuers of municipal bonds to raise capital.