Stocks in the News (PSDV, COOL, MCGC, HNI, ULTR)

Pompano Beach, FL -- (SBWIRE) -- 09/18/2012 -- pSivida Corp (NASDAQ:PSDV) declined 4.17% to $1.61 on a traded volume of 168k shares. The Company will announce its financial results for the fourth quarter and fiscal year 2012 on September 24, 2012.

The Company develops tiny, sustained release, drug delivery products designed to deliver drugs at a controlled and steady rate for months or years.

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Majesco Entertainment Co (NASDAQ:COOL) decreased 6.63% to $1.27 on a traded volume of 758k shares. Recently, the Company announced third quarter net loss of $3.2 million or 9 cents per share compared to $1.1 million or 3 cents per share in the prior year period. Revenue was $9.1 million compared to $19.5 million in the prior year period.

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MCG Capital Corporation (NASDAQ:MCGC) plunged 11.39% to $4.67. Stifel Nicolaus lowered the rating on the stock from hold to sell.

The Company is a solutions-focused commercial finance firm that provides capital and advisory services to middle-market companies throughout the United States.

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HNI Corp (NYSE:HNI) decreased 14.92% to $26.11 on a traded volume of 585k shares. The Company said its adjusted profit would be below its own forecast for the third quarter. This is due to lower-than-expected demand in its office supply business. The Company expects sales to increase 7% to 10% for third quarter. The Company expects adjusted earnings of about 55 cents per share. HNI would report third-quarter results on October 17, 2012.

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Ultrapetrol (Bahamas) Limited (NASDAQ:ULTR) went down 5.65% to $1.17 on a traded volume of 59k shares. Jefferies Group restated a buy rating in a research note.

The Company has received written notification from The Nasdaq Stock Market dated September 11, 2012. The notification indicates that because the closing bid price of the Company's common stock for the previous 30 consecutive business days was below the minimum $1.00 per share bid price requirement for continued listing on the Nasdaq Global Market. The Company is not in compliance with the applicable Nasdaq Listing Rule.

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