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New York, NY -- (SBWIRE) -- 03/01/2013 -- Institutional Financial Markets (NYSE:IFMI), the Philadelphia, PA financial services firm specializing in credit-related fixed income investments, rose 65% Thursday on 87 times average volume.
Institutional Financial Markets reported Wednesday financial results for its fourth quarter and year ended December 31, 2012. Adjusted operating income was $4.3 million, or $0.26 per diluted share, for the three months ended December 31, 2012, compared to adjusted operating income of $0.3 million, or $0.02 per diluted share, for the three months ended December 31, 2011, and adjusted operating income of $4.4 million, or $0.27 per diluted share, for the three months ended September 30, 2012. Adjusted operating income was $7.5 million, or $0.47 per diluted share, for the year ended December 31, 2012, compared to adjusted operating income of $3.5 million, or $0.22 per diluted share, for the year ended December 31, 2011.Institutional Financial Markets closed at $2.75 on Thursday.
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Anika Therapeutics Inc. (NASDAQ:ANIK) reported fourth quarter net income of $0.31 per share after the close Wednesday, up from $0.21 per share last year.Anika Therapeutics gapped open higher Thursday and rose sharply during the second half of the morning. The stock finished higher by 1.74 at $12.45, with volume in an 8-month high. Anika Therapeutics broke out to over a 4-month high.
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FARO Technologies Inc. (NASDAQ:FARO) reported fourth quarter net income of $0.46 per share after the bell Wednesday, down from $0.56 per share in the prior year period.FARO Technologies gapped open sharply higher Thursday, but traded in a range for the majority of the session. Shares finished up by 6.35 at $42.35 on strong volume. The stock jumped to over a 4-month high and re-crossed its 200-day moving average.
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Lightbridge Corp (NASDAQ:LTBR) added 12.07% and is trading at $2.32. Lightbridge Corporation (Lightbridge) is a nuclear fuel technology company. The Company operates in two segments: nuclear fuel technology business segment and nuclear consulting business segment. In nuclear fuel technology business segment it develops the next generation nuclear fuel technology.
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