Benzinga's Microcap Movers for Friday February 10, 2012
Below are highlights from Benzinga's daily coverage of microcap securities making big moves:
Tandy Brands Accessories I
Shares of Tandy Brands Accessories (NASDAQ: TBAC), the Dallas, TX designer and marketer of mens, womens, and childrens accessories, rose 75% Friday on 21 times the average daily volume.
Tandy Brands Accessories reported financial results Friday for its second quarter and six-month periods ended December 31, 2011.
Net sales for the second quarter were $45.4 million, an increase of $2.5 million versus the prior year second quarter. Gifts segment net sales of $22.7 million increased by $6.0 million over the prior year period due to increased holiday shipments as a result of organic growth from the Company's Totes license and new sales from the Eddie Bauer license. Net sales in the accessories segment were $22.7 million for the second quarter, a decline of $3.5 million from fiscal 2011. The decline reported in the Accessories segment net sales was a result of lower sales in exited product categories and lower levels of replenishment orders by the Company's largest customer.
Tandy Brands Accessories closed at $1.82 on Friday.
SED International Holdings
Shares of SED International Holdings (NYSE: SED), the Lawrenceville, GA distributor of computer technology, consumer electronics, small appliances, housewares, and personal care products to channel partners and retailers in the United States, rose 49% Friday on 47 times the average daily volume.
SED International Holdings announced financial results late Thursday for the Company's second quarter and the first six months of fiscal year 2012, which ended December 31, 2011.
Quarterly net revenue decreased 3.8% to $150.9 million from $157 million in last year's comparable period due primarily to an industry-wide disk drive shortage related to flooding in Thailand, the location of major suppliers of disk drive and drive components.
Gross profit percent increased to 9.0%, an increase of 55.2%, to $13.6 million compared to 5.8% or $9.1 million in the comparable period last year.
SED International Holdings closed at $4.35 on Friday.
First Financial Service Corp
Shares of First Financial Service Corp (NASDAQ: FFKY), the holding company for First Federal Savings Bank of Elizabethtown, KY, rose 16% Friday on 3 times the average daily volume.
First Financial Service Corp announced Friday the following changes in the leadership of the Company: Senator Walter Dee Huddleston is stepping down as the Chairman of the Board after diligently serving in this capacity for the past 15 years. Senator Huddleston will continue as a director, offering the benefit of his banking experience and knowledge as an active member of the Board for 46 years.
First Financial Service Corp closed at $2.69 on Friday.
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