Boston, MA -- (SBWIRE) -- 09/06/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (Key Energy Services, Inc. (NYSE:KEG), Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL), ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD), Fusion-IO, Inc.(NYSE:FIO)
Key Energy Services, Inc. (NYSE:KEG) shares increased 3.41% to $7.58. The company will present at the Barclays CEO Energy-Power Conference, Thursday, September 12, 2013 in New York, NY. Dick Alario, Key's Chairman, President and Chief Executive Officer, is scheduled to present at 3:45 p.m. EDT (2:45 p.m. CDT).
Additionally, Barclays analyst James C. West upgraded the shares to "Overweight," from "Equal Weight." He raised his price target to $10 from $7. Separately, Equities researchers at Howard Weil dropped their price target on shares of KEG from $11.00 to $10.00 in a research report issued on August 29. The firm currently has a “sector perform” rating on the stock.
How Should Investors Trade KEG After The Recent Volatility? Get Free Report Here
Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) shares jumped 8.07% to $3.48. The company on Sept. 5 said it plans to narrow its focus to three of its lead clinical programs, a decision that includes the elimination of 30 positions, or about 18% of the company's work force. The company said it still is assessing restructuring and related charges, that are expected to be recorded in the third quarter.
Additionalyl, the company on August 26 said it will stop developing its experimental asthma drug after the therapy failed in a mid-stage trial. The failure of the inhaled drug is the latest blow to the company's pipeline after its partner AstraZeneca pulled out of developments of their rheumatoid arthritis pill in June.
How Should Investors Trade RIGL After The Recent Volatility? Get Free Report Here
ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) shares climbed 3.47% to $21.20. The company on August 19 announced the appointment of Terrence Moore as Executive Vice President and Chief Commercial Officer, effective today. Mr. Moore reports to ACADIA's Chief Executive Officer, Uli Hacksell, Ph.D., and will be responsible for leading ACADIA's commercial activities.
Additionally, the company on August 6 reported a net loss of $9.1 million, or $0.11 per common share, for the second quarter of 2013 compared to a net loss of $5.4 million, or $0.10 per common share, for the second quarter of 2012.
Is ACAD A Good Buy After The Recent Price Movement? Find Out Here
Fusion-IO, Inc.(NYSE:FIO) shares gained 1.89% and closed at $10.78. The company on August 26 announced Fusion ioVDI software for virtual desktop infrastructure (VDI) acceleration. Based on the Fusion ioTurbine virtualization acceleration software and installed with Fusion ioMemory-based products in datacenter servers, ioVDI expands the Fusion-io software portfolio with a virtual desktop solution optimized for flash memory to deliver seamless, reliable, and cost-effective virtual desktop performance with consistent low latency response times for even data-intensive application workloads.
Is FIO A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
Here at Winston we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. We focus on companies that we feel are trading at a discount to the market for various reasons. Enter your email and track our performance! We are sure you won’t sure you won’t be disappointed.
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