Benzinga's Small Cap Movers for Thursday January 31, 2013
Below are highlights from Benzinga's daily coverage of small cap securities making big moves:
Shares of Mitek Systems (NASDAQ: MITK), the San Diego, CA mobile imaging software solutions provider, rose 3% Thursday on 28 times average volume.
Mitek Systems announced Thirsday its financial results for the first quarter of fiscal 2013, which ended December 31, 2012. Total revenue for the first quarter of fiscal 2013 was $3.3 million compared to total revenue of $3.5 million in the first quarter of fiscal 2012. Non-GAAP net loss for the first quarter of 2013 was $700,000, or $0.03 per share, compared to non-GAAP net income of $453,000, or $0.02 per diluted share, in the first quarter of fiscal 2012.
Mitek Systems closed at $3.46 on Thursday.
Online Resources (NASDAQ: ORCC), the Chantilly, VA provider of online banking and full-service bill pay solutions, rose 81% Thursday on 47 times average volume.
ACI Worldwide (NASDAQ: ACIW) and Online Resources announced Wednesday that they have entered into a definitive transaction agreement. Under the terms of the agreement, ACI Worldwide will acquire Online Resources in an all cash transaction for $3.85 per share. ACI Worldwide will commence a cash tender offer to purchase all outstanding shares of common stock of Online Resources no later than February 15, 2013.
Online Resources closed at $3.81 on Thursday.
Shares of Pacific Ethanol (NASDAQ: PEIX), the Sacramento, CA producer of ethanol, rose 8% Thursday on 5 times average volume.
The U.S. EPA is said to boost its ethanol mandate to 16.55B gallons.
Pacific Ethanol closed at $0.36 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.
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