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: (Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR), Office Depot Inc (NYSE:ODP), Hovnanian Enterprises, Inc. (NYSE:HOV), Amarin Corporation plc (ADR) (NASDAQ:AMRN)
Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR) shares jumped 10.50% to $5.05. The company on August 14 announced that it has entered into a settlement agreement with Sandoz, Inc. to resolve pending patent litigation in response to Sandoz's abbreviated new drug application (ANDA) seeking approval to market generic versions of Avanir's NUEDEXTA® (dextromethorphan hydrobromide/quinidine sulfate) capsules.
Additionally, the company on August 6 reported financial results for the three and nine-months ended June 30, 2013. Total net revenues for the quarter ended June 30, 2013 were $19.8 million, compared with $10.5 million for the comparable quarter in fiscal 2012, representing 87% year-over-year growth. Net loss for the fiscal 2013 third quarter was $11.4 million, or $0.08 per share, compared with a net loss of $15.0 million, or $0.11 per share, for the same period in fiscal 2012.
How Should Investors Trade AVNR After The Recent Volatility? Get Free Report Here
Office Depot Inc (NYSE:ODP) shares gained 1.13% to $4.49 in the last trading session. The company on August 8 announced the availability of the "NCredible" branded back-to-school product line, which includes flash drive bracelets and carabiners, iPhone® 5 cases, notebooks, folders, a backpack and pens. The exclusive product line was designed in collaboration with award-winning actor, comedian, and host of "America's Got Talent" Nick Cannon.
Additionally, the company, on July 30, said its second-quarter loss narrowed slightly on fewer charges, though as the office supply retailer recorded another drop in sales. The company posted a loss of $54.2 million, compared with a year-earlier loss of $57.4 million, or 23 cents a share. Revenue fell 3.5% to $2.42 billion. Analysts recently expected a 10 cents a share loss on revenue of $2.43 billion.
How Should Investors Trade ODP After The Recent Volatility? Get Free Report Here
Hovnanian Enterprises, Inc. (NYSE:HOV) stock closed at $5.19. The company will begin trading ex-dividend on August 12, 2013. A cash dividend payment of $0.453125 per share is scheduled to be paid on August 15, 2013. Shareholders who purchased HOVU stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 10th quarter that HOVU has paid the same dividend.
Is HOV A Good Buy After The Recent Price Movement? Find Out Here
Amarin Corporation plc (ADR) (NASDAQ:AMRN) stock gained 2.85% to $5.78. The company, on August 8, announced financial results for second quarter, the quarter ended June 30, 2013, and provided an update on company operations. Under U.S. GAAP, Amarin reported a net loss of $39.8 million in the second quarter of 2013, or basic and diluted loss per share of $0.26. The company had revenue of $5.50 million for the quarter. Analysts expect that Amarin Co. plc will post $-1.39 EPS for the current fiscal year.
Is AMRN 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 be disappointed.
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