Small Cap Stocks In Spotlight (SCHS, PMCS, PPHM, P
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Small Cap Stocks In Spotlight (SCHS, PMCS, PPHM, PANL, GEVO)
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School Specialty, Inc. (NASDAQ:SCHS) stock gained 10.68% to $0.114 after the company last week filed for bankruptcy protection and said its assets would be sold at auction. The company, based in Greenville, says it has $494.5 million in assets and $394.5 million in debt, according to Chapter 11 bankruptcy papers filed in U.S. Bankruptcy Court in Wilmington, Del. The company’s board has authorized up to $175 million in loans to carry it through the bankruptcy process, according to court papers.
How Should Investors Trade SCHS After The Recent Volatile Moves? Find Out Here
PMC-Sierra, Inc. (NASDAQ MCS) shares climbed 12.98% and closed at $6.53. The company, on Jan. 31, reported fourth quarter net income of $11.1 million or $0.05 per share, as compared to $28.4 million or $0.12 per share for the year-ago quarter. Adjusted net income for the latest quarter was $25.1 million or $0.12 per share. Net revenues for the fourth quarter fell 15% to $129.42 million from $152.56 million in the same quarter last year. Analysts expected the company to earn $0.10 per share on revenue of $126.50 million for the fourth quarter.
Is PMCS Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here
Peregrine Pharmaceuticals (NASDAQ PHM) shares jumped 12.77% and closed at $2.12 in the last trading session. The company, on Jan. 7, provided an update from its internal review of discrepancies from its Phase II randomized, double-blind placebo-controlled trial of bavituximab in second-line non-small cell lung cancer (NSCLC) in 121 patients.
Can PPHM Rebound After The Recent Slump and Investors Can Make Money? Find Out Here
Universal Display Corporation (NASDAQ ANL) shares increased 10.24% and closed at $30.67 in yesterday’s session. PANL’s stock was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Jan. 22. The firm currently has a $28.20 target price on the stock. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of Universal Display in a research note to investors on November 15. They now have a $41.00 price target on the stock.
Is PANL Ready To Move Back To New Highs This Year? Find Out Here
Gevo, Inc. (NASDAQ:GEVO) shares jumped 10% and closed at $2.53. On Jan. 17, Unites States Senator Mark Udall of Colorado toured and met with Gevo, Inc. to discuss the importance of alternative energy technologies for Colorado and the U.S. economy.
Additionally, the company, last month, said it will repurchase as much as $15 million of its “undervalued” stock this year. The company will fund the purchases with cash and cash equivalents, Englewood.
Is GEVO Ready To Move Back To New Highs This Year? Find Out Here
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