Benzinga's Microcap Movers for Wednesday April 18, 2012
Below are highlights from Benzinga's daily coverage of microcap securities making big moves:
Shares of WPCS International (NASDAQ: WPCS), the Exton, PA infrastructure services company, rose 35% Wednesday on 6 times the average daily volume.
WPCS International (NASDAQ: WPCS) announced Wednesday that it has received approximately $16 million in new contracts. The new contracts include projects to be completed for Oxnard School District, Enfield Police Department, Styrolution America, Enfield Emergency Medical Services, CT Transit, MONOC, Bethlehem Volunteer Fire Department, Cranford Police Department, Siemens, Terman Middle School, University of California-Berkeley, NSTAR, Mount Wachusett Community College, New Brunswick Police Department, Manalapan Police Department, Ambulance Service of Manchester, Peoples Natural Gas and Duquesne Light. In Australia, new contracts were awarded for Holy Spirit Hospital, Narangba Railway Station, Rochedale Estates and Cherbourg Hospital. WPCS was also awarded a contract from the Taian Gas Group in China.
WPCS International closed at $1.37 on Wednesday.
Shares of THQ Inc. (NASDAQ: THQI), the Agoura Hills, CA developer and publisher of interactive entertainment software, rose 26% Wednesday on almost 5 times the average daily volume.
THQ Inc. on Wednesday provided preliminary, unaudited financial results for the fourth quarter ended March 31, 2012.
For the fourth quarter, THQ expects to report non-GAAP net sales of $160 million to $170 million, which is above the company's previous outlook of non-GAAP net sales in the range of $130 million to $150 million. The company currently expects a fiscal fourth quarter non-GAAP net loss per share in the range of $0.10 to $0.20, compared to its previous expectation of a net loss per share in the range of $0.35 to $0.50.
Revised net sales expectations reflect continued strong net sales of the critically-acclaimed Saints Row: The Third, which to date has shipped in more than four million units; higher-than-expected digital sales, largely driven by the robust digital content of Saints Row: The Third; and slightly higher-than-expected net sales of UFC Undisputed 3, which was released mid-February 2012 to highly-favorable critical reviews, achieving an average Metacritic score of 85.
THQ Inc closed at $0.57 on Wednesday.
Shares of Tianli Agritech (NASDAQ: OINK), the China-based breeding, raising, and selling hogs for use in Chinese pork meat production, rose 18% on 3 times the average daily volume.
An article in Seeking Alpha indicating the stock was oversold and undervalued, most likely boosted the share price. Tianli Agritech closed at $2.10 on Wednesday.
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