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Morning Market Movers
Thursday, July 14, 2011 - 8:51am | 91Shengkai Innovations Inc (NASDAQ: VALV) climbed 26.34% to $2.59 at 9:46 am. VALV's trailing-twelve-month ROE is 172.33%. NB&T Financial Group Inc (NASDAQ: NBTF) shares gained 19.79% to $23.00. NBTF's trailing-twelve-month operating margin is 24.01%. Frequency Electronics Inc (NASDAQ: FEIM)...
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Wedbush Maintains Outperform on Itron
Thursday, July 14, 2011 - 7:54am | 127Wedbush is out with its report today on Itron (NASDAQ: ITRI), maintaining Outperform. In a note to clients, Wedbush writes, "We maintain our OUTPERFORM and our $80 target. Our target is based on a 20x multiple on 2012 EPS estimates, as we expect Itron's valuation to normalize with modest...
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Advanced Photonix Announces Phase III T-Ray 4000 System Sale
Thursday, July 14, 2011 - 6:44am | 76Advanced Photonix (NYSE: API) today announced that the Naval Undersea Warfare Center purchased a T-Ray 4000® from its wholly-owned subsidiary, Picometrix, LLC, to be used for research and testing applications that support their mission. The purchase was made via a Phase III contract which is a...
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ESI Unveils New LED Wafer Scribing System for High Volume, Ultra High Brightness LED Manufacturing
Wednesday, July 13, 2011 - 10:33am | 179ESI, Inc. (Nasdaq: ESIO) today unveiled its most advanced LED wafer scribing system, the AccuScribe 2600. ESI's AccuScribe 2600 is built on patented, industry-leading technology enabling customers to extract the maximum light output from LED's. ESI developed the AccuScribe 2600 based on customer...
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Newport Corporation to Acquire High Q Technologies; Terms Not Disclosed
Wednesday, July 13, 2011 - 8:02am | 83Newport Corporation (NASDAQ: NEWP) today reported it has entered into an agreement to acquire High Q Technologies GmbH. Terms of the transaction, which is anticipated to close before the end of the third quarter, were not disclosed. High Q, headquartered in Rankweil, Austria, expects 2011...
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Entertainment Gaming Asia Announces Favorably Amended Terms for its Casino Development Project in the Pailin Province of Cambodia
Wednesday, July 13, 2011 - 7:46am | 90Entertainment Gaming Asia Inc. (NYSE: EGT) today announced it has amended the terms of its casino development project in the Pailin Province of Cambodia, which include an increase in the Company's share of the project's returns. On May 16, 2011, the Company announced its plans to develop and...
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Wunderlich Securities Reiterates Sell on Itron, Reduces PT to $40
Wednesday, July 13, 2011 - 6:08am | 44Wunderlich Securities reiterated its Sell rating on Itron (NASDAQ: ITRI). At the same time, Wunderlich reduced its price target on the company's stock to $40. On Tuesday, Itron lost 1.91% of its value to finish the day at $47.74.
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Stocks to Watch for Wednesday 07/13/11: Fresh 52 Week Highs and Lows
Tuesday, July 12, 2011 - 7:24pm | 1637Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to lowest): 1) Adventrx Pharmaceuticals (NYSE: ANX...
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RFM and Future Electronics Sign Worldwide Distribution Agreement for Entire RFM RF Product Portfolio
Tuesday, July 12, 2011 - 7:01am | 50RF Monolithics, Inc. (NASDAQ: RFMI) has signed a world-wide franchise distribution agreement with Future Electronics. Under the new agreement, Future Electronics will provide global sales, design support and fulfillment services for RFM certified RF modules, short-range IC radios, and RF...
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Stocks to Watch for Tuesday 07/12/11: Fresh 52 Week Highs and Lows
Monday, July 11, 2011 - 4:09pm | 1546Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to lowest): 1) BioSante Pharmaceuticals (NASDAQ: BPAX...
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Top 4 Stocks In The Communication Equipment Industry With The Lowest PEG Ratio
Monday, July 11, 2011 - 10:23am | 108Below are the top communication equipment stocks on the NYSE, the NASDAQ and the AMEX in terms of PEG ratio. Comtech Telecommunications Corp (NASDAQ: CMTL) has a PEG ratio of 0.37. CMTL's trailing-twelve-month ROE is 10.23%. Iteris Inc (AMEX: ITI) has a PEG ratio of 0.46. ITI's trailing-twelve-...
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What Does David Einhorn Know About STX That You Don't?
Monday, July 11, 2011 - 9:25am | 694David Einhorn and his Greenlight Capital (NASDAQ: GLRE) fund opened up a medium-sized long position in technology company Seagate (NASDAQ: STX) this past quarter. Since Seagate makes hard drives, and hard drives are seemingly on their way out of favor, observers and other investors have to wonder:...
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Stifel Nicolaus Raises PT On Newport Corporation To $27
Monday, July 11, 2011 - 7:06am | 27Stifel Nicolaus has raised the price target on Newport Corporation (NASDAQ: NEWP) from $25 to $27 and maintains its Buy rating.
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OSI Systems Receives Multimillion Dollar Cargo and Vehicle Inspection Contract from Middle East Customer
Monday, July 11, 2011 - 7:02am | 45OSI Systems, Inc. (NASDAQ: OSIS) today announced that its Security division, Rapiscan Systems, was awarded a multimillion dollar contract from a Middle East customer to provide multiple units of its Eagle T-10 cargo and vehicle inspection solution.
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Stocks to Watch for Monday 07/11/11: Fresh 52 Week Highs and Lows
Sunday, July 10, 2011 - 5:15pm | 2231Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Friday's trading session (listed from highest total volume to lowest): 1) Melco Crown Entertainment (NASDAQ:...