Benzinga's Microcap Movers for Monday May 14, 2012
Below are highlights from Benzinga's daily coverage of microcap securities making big moves:
Morris Business Development Company
Shares of Morris Business Development Company (MBDE), the Redondo Beach, CA service provider for public and private stock companies, rose 2369% Monday on 1600 times the average daily volume.
Morris Business Development was the subject of a newsletter promo on Monday. Benzinga attempted to contact the company, but did receive a reply.
Morris Business Development Company closed at $.40 on Monday.
D. Medical Industries
D. Medical Industries (NASDAQ: DMED), the Israel-based medical device company, rose 58.74% Monday on 12 times the average daily volume.
D. Medical Industries, announced Monday that its subsidiaries, Spring Health Solutions Ltd. and Spring Set Health Solutions Ltd., have entered into an original equipment manufacturer agreement with Twobiens Ltd., a leading South Korea-based supplier of diabetes treatment and drug delivery products, for the worldwide distribution of its Spring Universal Detach Detect Infusion Sets under Twobiens' private label.
The Agreement is for a term of three years and contains annual sales targets and minimum order quantities estimated at a total of US$5 Million. Twobiens shall be responsible for all costs and expenses incurred by it in the performance of its duties and responsibilities under the Agreement. In addition, the Company and Spring Health retain all of their proprietary and intellectual property rights.
D. Medical Industries closed at $0.54 on Monday.
Quantum Fuel Systems Technologies Worldwide
Shares of Quantum Fuel Systems Technologies Worldwide (NASDAQ: QTWW), the Irvine, CA alternative energy company, rose 27.23% Monday on 1.5 times the average daily volume.
Quantum announced Monday that it will showcase its industry-leading ultra-lightweight natural gas vehicle storage systems, hybrid/electric propulsion system components and vehicle and advanced propulsion engineering services portfolio at the 2012 Alternative Clean Transportation Exposition at the Long Beach Convention Center in Long Beach, California from May 15-17.
The company's annual gross profit margin is expected to increase to 56-60%, up from 55% in 2011 and 52% in 2010. The company attributes the margin growth over the past three years to the unique value it provides to clients, optimization of existing platforms and increased demand for managed services.
Quantum Fuel Systems Technologies Worldwide closed at $0.53 on Monday.
The information in this article is taken from public sources, press releases, and websites that cannot always be verified. Please note that investing in microcap stocks is highly speculative. The companies mentioned here are for information purposes only. Benzinga makes no claim as to the suitability of these stocks as an investment. Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.
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