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HEADLINE STOCKS-U.S. small/midcap stocks on the move on March 9
March 9, 2010 / 6:40 PM / 8 years ago

HEADLINE STOCKS-U.S. small/midcap stocks on the move on March 9

(For large-cap stocks on the move, click on [WATCH/US])

March 9 (Reuters) - Some small and midcap stocks on the move on Tuesday: (Adds Bronco Drilling, First Marblehead)

FIRST MARBLEHEAD CORP FMD.N, $3.02, up 10 pct

One of the largest securitizers of student loans said the regulators have terminated a cease and desist order that was issued against its banking unit. [ID:nSGE6280H2]

ZYGO CORP ZIGO.O, $8.51, down 15 pct

II-VI Inc (IIVI.O) said it was withdrawing its offer to buy Zygo after the company rejected its proposal and refused to enter into talks. [ID:nSGE6280HK]

EDAP TMS SA (EDAP.O), $3.42, up 39 pct

The company today said the Japanese Administration has granted marketing approval of its newly designed, high-end Sonolith I-Sys lithotripsy device. [ID:nnnSGE6280]

SYSTEMAX INC (SYX.N), $20.54, up 16 pct

Shares rose Tuesday, a day after the company reported better-than-expected fourth quarter results. [ID:nWNAB6685]

ARRIS GROUP INC (ARRS.O), $12.68, up 11 pct

Needham and Co upgraded the stock to “buy” from “hold,” and said increased international sales and a new product roadmap position the communications technology company for growth. [ID:nSGE6280HX]

BROADWIND ENERGY INC (BWEN.O), $5.47, up 7 pct

J.P. Morgan Securities started coverage of the wind energy company with an “overweight” rating, saying it could see business fundamentals improve in the second-half of 2010 when excess inventory on turbines and towers reduces. [ID:nSGE6280I0]

REED‘S INC REED.O, $1.71, up 8 pct

JONES SODA CO JSDA.O, $0.52, down 38 pct

The struggling soft drink maker signed a letter of intent to be acquired by Reeds Inc REED.O in a cash-and-stock deal worth about $9.7 million. [ID:nSGE6280ED]

SAUER-DANFOSS SHS.N, $13.21, up 7 pct

Danish industrial group Danfoss A/S raised its offer to acquire Sauer-Danfoss Inc SHS.N in a deal that values the U.S.-based maker of hydraulic systems at about $641 million. [ID:nSGE6280HD]

BRONCO DRILLING CO BRNC.O, $5.52, down 5 pct

The land drilling services provider posted a narrower-than-expected quarterly loss, but revenue came in below analysts’ estimates on lower utilization. [ID:nSGE6280H8]

CERUS CORP (CERS.O), $2.64, up 12 pct

Robert W. Baird upgraded the blood safety products maker to “outperform” from “neutral,” and said the market is undervaluing the company’s Intercept red blood cell system. [ID:SGE6280GY]

AGFEED INDUSTRIES INC FEED.O, $5.17, up 15 pct

The company reported better-than-expected full-year earnings helped by increased production volumes in the company’s hog division and animal nutrition divisions. [ID:nSGE6280H9]

MICROVISION INC (MVIS.O), $2.67, down 6 pct

The portable projector maker on Monday posted a narrower quarterly loss that was in line with analysts’ view, but revenue fell short of market expectations. [ID:nSGE6270LL] (Reporting by Mansi Dutta in Bangalore)

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