Boston, MA -- (SBWIRE) -- 08/15/2013 -- 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: (Accuray Incorporated (NASDAQ:ARAY), Newcastle Investment Corp. (NYSE:NCT), Quiksilver, Inc. (NYSE:ZQK), Magnum Hunter Resources Corp (NYSE:MHR)
Accuray Incorporated (NASDAQ:ARAY) shares jumped 5.91% to $6.27. The company announced that it will report results for its fourth quarter and fiscal year ended June 30, 2013 on Tuesday, August 27, 2013 after the market closes. A conference call to review the results will begin at 2:00 p.m. PDT/5:00 p.m. EDT and will be hosted by Joshua H. Levine, president and chief executive officer and Derek Bertocci, senior vice president and chief financial officer.
Additionally, ARAY‘s stock had its “neutral” rating reiterated by Zacks in a report released on July 10. They currently have a $5.75 price target on the stock.
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Newcastle Investment Corp. (NYSE:NCT) shares dropped 1.61% and closed at $5.50. The company on August 7 reported that its second-quarter net income increased to $52.33 million or $0.20 per share, from $29.04 million or $0.21 per share, last year. Core earnings were $43.0 million or $0.16 per share, for the quarter. Income from continuing operations rose to $28.14 million or $0.10 per share, from $23.82 million or $0.17 per share, a year ago. Net interest income decreased to $40.83 million from $48.49 million last year.
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Quiksilver, Inc. (NYSE:ZQK) shares decreased 1.79% to $5.49. The company, on July 11, announced the pricing of the previously-announced offering by Quiksilver and its wholly-owned subsidiary, QS Wholesale, Inc. (together, the "Issuers"), of $280 million aggregate principal amount of their 7.875% Senior Secured Notes due 2018 (the "2018 Notes") and $225 million aggregate principal amount of their 10.000% Senior Notes due 2020 (the "2020 Notes" and, together with the 2018 Notes, the "Notes"). The 2018 Notes will be issued at 99.483% of their face value and the 2020 Notes will be issued at 98.757% of their face value. The offering is expected to close on July 16, 2013, subject to customary closing conditions.
Is ZQK A Good Buy After The Recent Price Movement? Find Out Here
Magnum Hunter Resources Corp (NYSE:MHR) shares decreased 0.48% to $4.16 in the last trading session. The company on August 9 announced financial and operating results for the three months and six months ended June 30, 2013. Total revenue increased 98% to $84.0 million for the second quarter of 2013, as compared to total revenue of $42.5 million for the second quarter of 2012. Net income for the second quarter of 2013 was $151.3 million or $0.89 per share.
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