Micro Cap Stock Gainers: INFY, PIP, BBY, HUSA, IGC
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Infosys Ltd ADR (NYSE:INFY) shares jumped 18.82% and closed at $52.22 in the last trading session after the company, last week, raised its revenue forecast after posting stronger-than-expected quarterly profit. The company said profit for the three months ended Dec. 31 was 23.69 billion rupees ($434 million) versus 23.7 billion rupees a year earlier. That compares with the average estimate of 21 billion rupees by analysts. In October-December, Infosys said revenue rose 12% to 104.24 billion rupees from 93 billion a year earlier. That compares with analyst estimates of 96.8 billion rupees. The firm added 53 clients during the quarter, the strongest pace of additions in at least five years.
How Should Investors Trade INFY After The Recent Volatile Moves? Find Out Here
PharmAthene, Inc. (NYSEAMEX:PIP) shares jumped 17.69% to $1.33 in the last trading session. The company, on Jan. 10, announced that the Delaware Supreme Court heard oral arguments today related to both parties’ appeal in the Company’s on-going litigation against SIGA Technologies. SIGA appealed the final judgment in favor of PharmAthene issued by the Delaware Court of Chancery on May 31, 2012, in which PharmAthene was awarded 50% of the net profits over a period of ten years from all sales of SIGA’s smallpox antiviral therapeutic, Arestvyr™ and related products, after SIGA receives the first $40 million in net profits, as well as a portion of the Company’s attorney’s fees and other costs.
Is PIP Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here
Best Buy Co., Inc. (NYSE:BBY) shares increased 16.38% to $14.21. The company, along with Toys ‘R’ Us Inc. put forth a grievance about their competitor Wal-Mart Stores, Inc. (NYSE:WMT) that according to the application has committed a fraud with the customers in its recent price-comparison commercials.
Additionally, the company’s holiday sales fell less than expected thanks to a surprisingly strong showing in the U.S., but the company warned free cash flow continues to dwindle, heightening a hurdle to its founder’s buyout bid. Investors rejoiced at the first hints new management is stabilizing sales at the world’s biggest consumer electronic’s retailer.
Can BBY Continue To Move Lower After The Recent Gain and Investors Can Make Money? Find Out Here
Houston American Energy Corporation (NYSEAMEX:HUSA) shares jumped 14.43% and closed at $0.310. The company, on Dec. 10, received notice from SK Innovation, operator on the Company’s CPO 4 Block in Colombia that it intends to plug and abandon the Zorro Gris #1 well. Following completion of the abandonment of the well, the drilling rig will be released.
Is HUSA Bounce Back Soon? Find Out Here
India Globalization Capital, Inc. (NYSEAMEX:IGC) shares climbed 14.29% to $0.160 in the previous trading session. The company, on Dec. 27, announced that its board of directorsaccepted the resignation of Director Ranga Krishna, effectiveDecember 21, 2012. Mr. Krishna submitted his written requestto resign from the board and all committees due to personal reasonsand confirmed that there are no conflicts between him and theCompany.
Is IGC Bounce Back Soon? Find Out Here
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