Market Overview

Benzinga's Small Cap Movers for Wednesday March 13, 2013

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

Summer Infant

Shares of Summer Infant (NASDAQ: SUMR), the Woonsocket, RI developer and distributor of juvenile health, safety and wellness products, rose 10% Wednesday on 10 times average volume.

Summer Infant announced Tuesday, financial results for the fourth quarter and year ended December 31, 2012. Net revenues for the three months ended December 31, 2012 increased 6% to $58.5 million from $55.4 million for the three months ended December 31, 2011. The increase in revenue was primarily driven by higher sales of furniture, safety, play and monitors products.

Net revenues for the three months ended December 31, 2012 increased 6% to $58.5 million from $55.4 million for the three months ended December 31, 2011. The increase in revenue was primarily driven by higher sales of furniture, safety, play and monitors products.

Summer Infant closed at $2.56 on Wednesday.

MakeMusic

MakeMusic (NASDAQ: MMUS), the Eden Prairie, MN music technology company, rose 31% Wednesday on 530 times average volume.

MakeMusic and LaunchEquity Acquisition Partners, LLC Designated Series Education Partners, an affiliate of LaunchEquity Partners announced Wednesday, that they have entered into a definitive merger agreement under which LEAP will acquire MakeMusic through an all-cash transaction. Under the terms of the agreement, LEAP, through a wholly-owned subsidiary, will commence a tender offer to purchase all outstanding shares of MakeMusic at $4.85 per share in cash. The transaction is expected to close in the second quarter of 2013.

MakeMusic closed at $4.85 on Wednesday.

World Energy Solutions

Shares of World Energy Solutions (NASDAQ: XWES), the Worcester MA energy management services firm, rose 19% Wednesday on twice average volume.

In follow up to its recent announcement postponing its fourth quarter and fiscal 2012 financial results and conference call, World Energy Solutions, Inc. (XWES) today provided additional details on the cause of the delay. The Company is currently evaluating its revenue recognition policy for its mid-market product line, an area the Company entered with its acquisition of GSE Consulting (GSE) on October 31, 2011.

The Company is currently evaluating its revenue recognition policy for its mid-market product line, an area the Company entered with its acquisition of GSE Consulting (GSE) on October 31, 2011. The review is primarily focused on the timing of revenue recognized from up-front commissions received from mid-market energy suppliers. World Energy Solutions closed at $4.40 on Wednesday.

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 M&A After-Hours Center Movers Trading Ideas

 

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