Market Overview

Benzinga's Microcap Movers for Wednesday May 9, 2012

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

United Community Financial Corp

Shares of United Community Financial Corp. (NASDAQ: UCFC), the Youngstown, OH holding company of The Home Savings and Loan Company, rose 22.50% Wednesday on 3 times the average daily volume.

United Community Financial Corp. reported Tuesday consolidated net income of $3.8 million, or $0.12 per diluted share, for the three months ended March 31, 2012. This represents the second consecutive quarter of profitability for the Company.

Selected first quarter results:

Delinquent loans declined $21.2 million from the prior quarter

Nonperforming loans declined $13.2 million from the prior quarter

Nonperforming assets declined $17.6 million from the prior quarter

Home Savings' Tier 1 leverage ratio of 8.96% and the total risk based capital ratio of 15.21% both reflected increases from the prior quarter

United Community Financial Corp closed at $1.96 on Wednesday.

Jaguar Mining

Shares of Jaguar Mining (NYSE: JAG), the Brazil-based gold mining company, rose 15% Wednesday on 4 times the average daily volume.

Jaguar shares rallied Wednesday, after announcing a comprehensive restructuring and turnaround plan to improve costs and efficiency at its operations in the state of Minas Gerais, Brazil on Tuesday.

Shares had fallen more than 80% over the last 6 months.

Jaguar Mining closed at $1.66 on Wednesday.


Shares of MEMSIC (NASDAQ: MEMS), the Andover, MA sensing solution provider, fell 16.67% Wednesday on 5 times the average daily volume.

MEMSIC announced Tuesday financial results for the first quarter ended March 31, 2012.

Revenues rose to $20.0 million from $13.0 million in the 2011 quarter. Total shipments of our sensor products grew to 32.1 million units from 12.6 million units in the prior-year period.

Gross margin was 37.1% compared to 38.1% in the 2011 quarter.

Operating expenses totaled $6.2 million compared to $6.4 million in the 2011 quarter.

GAAP net income was $1.2 million, or $0.05 per diluted share, compared to a net loss of $1.3 million, or $0.06 per diluted share, in the 2011 quarter.

EBITDA was $2.5 million, compared to ($0.2) million in the 2011 quarter.

MEMSIC closed at $2.29 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.

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