Benzinga's Microcap Movers for Wednesday May 9, 2012

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

Shares of United Community Financial Corp.

, 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.

Shares of Jaguar Mining

, 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

, 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.