Benzinga's Microcap Movers for Friday September 21, 2012
Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:
Shares of AXT (NASDAQ: AXTI), the Freemont, CA manufacturer and distributor of high-performance compound semiconductor substrates, rose 12.66% Friday on 8.5 times average volume.
There was no specific company news on Friday to account for the move. There was chatter on the stock's Yahoo message board regarding a possible takeover or LBO.
AXT closed at $3.47 on Friday.
SunLink Health Systems
Shares of SunLink Health Systems (NYSE: SSY), the Atlanta, GA provider of health care facilities, services, products, doctors and professionals, rose 19.01% Friday on 35 times average volume.
SunLink Health Systems announced Friday earnings from continuing operations for its fourth fiscal quarter ended June 30, 2012 of $4,213,000, or $0.45 per fully diluted share, compared to a loss from continuing operations of $10,708,000, or a loss of $1.32 per fully diluted share, for the quarter ended June 30, 2011.
SunLink Health Systems closed at $1.44 on Friday.
Alvarion (NASDAQ: ALVR), the Israel-based wireless broadband company, rose 14.73% Friday on 12 times average volume.
There was unconfirmed chatter on Friday that a well-known stock promoter was behind Alvarion.
Alvarion closed at $0.42 on Friday.
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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