Benzinga's Microcap Movers for Tuesday February 14, 2012
Below are highlights from Benzinga's daily coverage of microcap securities making big moves:
Shares of Fonar Corporation (NASDAQ: FONR), the Melville, NY magnetic resonance imaging company, rose 14% Tuesday on 99 times the average daily volume.
FONAR reported its financial results Tuesday for the second quarter of fiscal year 2012. For the three months ended December 31, 2011, net income increased 33% to $1.8 million, income from operations increased 31% to $1.9 million while total revenues increased 16% to $9.3 million, as compared to the corresponding fiscal quarter one year earlier.
The basic income per common share increased 56% to $0.50 for the six months ended December 31, 2011 as compared to $0.32 for the same period one year earlier. For the quarter ended December 31, 2011 and 2010, the basic net income per common share was $0.25.
Fonar Corporation closed at $2.22 on Tuesday.
Shares of Hauppauge Digital (NASDAQ: HAUP), the Hauppauge, NY manufacturer, and marketing of analog and digital TV tuner products for the personal computer market, rose 41% Tuesday on 24 times the average daily volume.
Hauppauge Digital We recorded a net income of $443,932 for the three months ended December 31, 2011, which resulted in basic and diluted net income per share of $0.04 on weighted average basic and diluted shares of 10,122,344, compared to a net loss of $738,220 for the three months ended December 31, 2010, which resulted in basic and diluted net loss per share of $0.07 on weighted average basic and diluted shares of 10,083,417.
Hauppauge Digital closed at $1.50 on Tuesday.
Shares of NewLead Holdings (NASDAQ: NEWL), the Greek international shipping company, rose 85% Tuesday on 38 times the average daily volume.
A NewLead spokesperson could not be reached for comment, but the move was attributed to an overall strong shipping group.
NewLead Holdings closed at $1.13 on Tuesday.
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