Benzinga's Small Cap Movers for Tuesday January 29, 2013
Below are highlights from Benzinga's daily coverage of small cap securities making big moves:
Shares of School Specialty (NASDAQ: SCHS), the Greenville, WI education company, rose almost 28% Tuesday on 13 times average volume.
School Specialty announced Monday that it has entered into an asset purchase agreement with an affiliate of Bayside Capital, Inc., under which School Specialty proposes to sell its assets as a going concern through a court-supervised sale process. To facilitate the sale transaction, School Specialty and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware and is pursuing the sale process under Section 363 of the Bankruptcy Code.
School Specialty closed at $0.15 on Tuesday.
Mindspeed Technologies (NASDAQ: MSPD), the Newport Beach, CA supplier of semiconductor solutions for communications infrastructure applications, rose 14% Tuesday on 5 times average volume.
Mindspeed Technologies reported Monday, results for its fiscal first quarter of 2013. For the quarter ended December 28, 2012, Mindspeed recorded net revenues of $44.4 million and earnings per share of $0.14 on a non-GAAP basis, or $0.03 on a GAAP basis. The non-GAAP results include the benefit of the $6.0 million sale of non-core intellectual property. Net product revenue for the quarter was $38.4 million.
Mindspeed Technologies closed at $4.93 on Tuesday.
Shares of Lightbridge Corp (NASDAQ: LTBR), the Tysons Corner, VA provider of nuclear energy consulting services, rose 14% Tuesday on average volume.
This week's episode of "The RedChip Money Report" features an interview with Seth Grae, CEO of Lightbridge Corp. "The RedChip Money Report" will air on Fox Business News on Saturdays at 2 p.m. Eastern beginning February 2, 2013.
Lightbridge Corp closed at $1.94 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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