Market Overview

Benzinga's Small Cap Movers for Thursday January 10, 2013

Below are highlights from Benzinga's daily coverage of small cap securities making big moves:

PokerTek

Shares of PokerTek (NASDAQ: PTEK), the Matthews, NC licensed gaming company, rose 15% Thursday on higher than average volume.

PokerTek announced Tuesday that it received written notification on January 7, 2013 from the Nasdaq Listing Qualifications Department that it has regained compliance with the minimum closing bid price requirement of $1.00 per share for continued listing of its common stock on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule Section 5550(a)(2). As of January 7, 2013, its common shares achieved a closing bid price of $1.00 or more for 10 consecutive business days.

PokerTek closed at $1.35 on Thursday.

Pro-Dex

Shares of Pro-Dex (NASDAQ: PDEX), the Irvine, CA designer, developer and manufacturer of powered rotary drive surgical and dental instruments used primarily in the orthopedic, spine, maxocranial facial and dental markets, rose 15% Thursday on almost 4 times average volume.

Pro-Dex announced Thursday, financial results for its fiscal second quarter and six months ended December 31, 2012. Sales for the quarter ended December 31, 2012 decreased 25% to $3.0 million from $4.0 million for the corresponding quarter in 2011. Gross profit for the quarter ended December 31, 2012 was $1.0 million, or 34%, compared to gross profit of $1.2 million, or 31%, for the year-ago period.

Pro-Dex closed at $2.37 on Thursday.

Furniture Brands

Shares of Furniture Brands (NYSE: FBN), the St Louis, MO designer, manufacturer and retailer of home furnishings, rose almost 14% Thursday on 5 times average volume.

Furniture Brands announced Thursday that the company will present at the 15th Annual ICR XChange Conference held at The Fontainebleau Miami Beach in Miami, Florida on Wednesday, January 16, 2013 at 11:05 AM ET. Ralph Scozzafava, Chairman and Chief Executive Officer, and Vance Johnston, Senior Vice President and Chief Financial Officer, will host the presentation.

Furniture Brands closed at $2.37 on Thursday.

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.

Posted-In: Long Ideas News Short Ideas Small Cap After-Hours Center Movers Trading Ideas

 

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