Benzinga's Small Cap Movers for Tuesday January 22, 2013
Below are highlights from Benzinga's daily coverage of small cap securities making big moves:
Shares of RF Industries (NASDAQ: RFIL), the San Diego, CA manufacturer of Radio Frequency connectors and cable assemblies, medical cabling products, RF wireless products and fiber optic cable products, rose 12% Tuesday on 15 times average volume.
RF Industries announced Tuesday, record quarterly sales and consolidated net income for the fourth quarter and fiscal year ended October 31, 2012. For the fourth quarter ended October 31, 2012, the company reported revenues of $10,529,000, an increase of $4,575,000, or 77%, as compared to $5,954,000 in the same quarter of fiscal 2011. Consolidated net income for the quarter was $1,158,000, or $0.17 per basic and $0.15 per diluted share, compared to a consolidated net loss of $50 thousand, or $0.01 net loss per basic and diluted share in the fourth quarter of 2011.
RF Industries closed at $6.28 on Tuesday.
Shares of GSE Systems (NYSE: GVP), the Sykesville, MD provider of simulation, training and engineering solutions to the energy and process industries, rose 21% Tuesday on 12 times average volume.
GSE Systems announced Tuesday that the New York Stock Exchange has notified the Company about significant and unusual trading activity in GSE's shares on January 22, 2013 and requested the Company to respond by press release to the unusual activity.
Ordinarily, it is GSE's policy not to comment on unusual market activity or market rumors; however the Company did confirm that it is not aware of any material corporate developments beyond its most recently issued news releases which could account for the recent unusual trading activity in its shares.
GSE Systems closed at $2.55 on Tuesday.
Shares of Omnitek Engineering (OTC: OMTK), the San Marcos, CA developer of proprietary diesel-to-natural gas conversion systems, rose 29% Tuesday on 4.5 times average volume.
Omnitek Engineering announced Thuesday, the U.S. Environmental Protection Agency (EPA) has approved the company's submission for its diesel-to-natural gas conversion technology for the widely operated line of heavy-duty Navistar DT466E and DT530E engines under specific and rigorous criteria related to the agency's Outside Useful Life definition.
Omnitek Engineering closed at $2.03 on Tuesday.
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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