Morning Market Losers
Biodel Inc (NASDAQ: BIOD) shares dipped 11.35% to $2.8899 at 9:50 am. BIOD's board approved a reverse split of its common stock at a ratio of one-for-four.
Majesco Entertainment Co (NASDAQ: COOL) dropped 11.12% to $1.6799. Majesco Entertainment reported a 30% rise in its fiscal second-quarter earnings and cut its full-year earnings forecast.
FactSet Research Systems Inc (NYSE: FDS) shares lost 9.88% to $94.24. FactSet Research reported an 11% rise in its third-quarter profit.
CAS Medical Systems Inc (NASDAQ: CASM) fell 9.52% to $1.71. CASM's trailing-twelve-month ROE is -52.51%.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.