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: (Quiksilver, Inc. (NYSE:ZQK), Hercules Offshore, Inc.(NASDAQ:HERO), Affymetrix, Inc.(NASDAQ:AFFX), ARMOUR Residential REIT, Inc.(NYSE:ARR)
Quiksilver, Inc. (NYSE:ZQK) shares gained 2.36% and closed at $5.20. The company on Sept. 5 announced operating results for the fiscal 2013 third quarter ended July 31, 2013. Third quarter Net revenues were $496 million compared with $512 million, and were down 3%, or $14 million, in constant currency. Net income attributable to Quiksilver, Inc. was $2 million, or $0.01 per diluted share, compared with $13 million, or $0.07 per diluted share.
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Hercules Offshore, Inc.(NASDAQ:HERO) shares climbed 2.83% to $7.63. Wunderlich Securities analyst Todd P. Scholl initiated coverage on Hercules Offshore on Sept. 4 with a Buy rating and $13.00 price target.
Additionally, the company, on Sept. 3, announced that it has signed a contract with Cairn India Limited for use of the Hercules Triumph (formerly Discovery Triumph) in the Indian Ocean. Total contract value is approximately $36.6 million, which includes approximately $13 million of mobilization and demobilization fees, to be earned over an estimated 110 days. Contract commencement is expected in late October 2013.
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Affymetrix, Inc.(NASDAQ:AFFX) shares decreased 2.11% to $6.04. The company on August 5 announced the launch of the new OncoScan? FFPE Assay Kit, a whole-genome copy number assay for highly degraded FFPE solid tumor samples, at the Cancer Cytogenomics Microarray Consortium conference being held in Chicago.
Additionally, the company on July 31 reported its operating results for the second quarter of 2013. Product revenue for the second quarter of 2013 was $74.2 million and service and other revenue was $5.3 million. For the second quarter of 2013, operating expenses were $45.1 million on a GAAP basis as compared to $54.1 million in 2012.
Is AFFX A Good Buy After The Recent Price Movement? Find Out Here
ARMOUR Residential REIT, Inc.(NYSE:ARR) shares declined 1.20% to $4.11. The company on August 27 announced that the Board of Directors has appointed Ms. Carolyn Downey as a new independent member of the Board of Directors of the Company, effective September 3, 2013.
With the appointment of Ms. Downey, the Company expects to regain compliance with Section 303A.01 of the New York Stock Exchange Listed Company Manual and Section 802(a) of the NYSE MKT LLC Company Guide, both which require a majority of independent directors on the Company's Board of Directors.
Is ARR A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
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