Benzinga's Small Cap Movers for Friday March 1, 2013
Below are highlights from Benzinga's daily coverage of small cap securities making big moves:
Shares of Broadwind Energy (NASDAQ: BWEN), the Cicero, IL provider of products and services to the energy, mining, and infrastructure industries, rose 13% Friday on 5 times average volume.
Broadwind Energy was the subject of a positive Seeking Alpha article on Friday.
Broadwind Energy closed at $3.82 on Friday.
Alphatec Holdings (NASDAQ: ATEC), the Carlsbad, CA parent company of medical device company Alphatec Spine, that designs, develops, manufactures and markets products and solutions for the treatment of spinal disorders associated with trauma, congenital deformities, disease and degeneration, rose 14% Friday on 4 times average volume.
Alphatec Holdings announced Thursday, financial results for the fourth quarter and fiscal year ended December 31, 2012. Consolidated net revenues for the fourth quarter of 2012 were $52.7 million, representing growth of approximately 6.5 percent compared to $49.5 million reported for the fourth quarter of 2011, or 7.9 percent on a constant currency basis.
GAAP Net loss for the fourth quarter of 2012 was $5.4 million, or ($0.06) per share (basic and diluted), compared to a net loss of $16.0 million, or ($0.18) per share (basic and diluted) for the fourth quarter of 2011.
Alphatec Holdings closed at $1.87 on Friday.
Shares of Tucows (NYSE: TCX), the Toronto, ON global Internet services company, rose 13% Friday on twice average volume.
Tucows announced Friday that its Board of Directors has approved a stock buyback program to repurchase from time to time up to $10 million of its common stock in the open market through the facilities of the NYSE AMEX Stock Exchange. The Share Repurchase will commence immediately and will terminate on February 28, 2014.
Tucows closed at $1.83 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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.