Boston, MA -- (SBWIRE) -- 08/26/2013 -- 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: (Organovo Holdings Inc (NYSEMKT:ONVO), Cousins Properties Inc (NYSE:CUZ), Cirrus Logic, Inc.(NASDAQ:CRUS), Glimcher Realty Trust (NYSE:GRT)
Organovo Holdings Inc (NYSEMKT:ONVO) stock decreased 0.36% to $5.50. The company on August 12 reported on its financial results for the three-month period ended June 30, 2013 and provides a business update. For the three months ended June 30, 2013, total revenues of approximately $0.1 million were $0.2 million or 67% below the approximately $0.3 million in revenues for the same period in 2012. The Company also had negative cash flow from operations of $2.7 million during the three months ended June 30, 2013, with end-of-period cash and cash equivalents of approximately $12.8 million and an accumulated deficit of $70.1 million.
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Cousins Properties Inc (NYSE:CUZ) shares increased 1.70% to $10.15. The company on August 14 announced the sale of The Avenue Murfreesboro for $163 million. The project, a 752,000-square-foot open-air retail center in suburban Nashville, Tennessee, was owned through a 50/50 joint venture between Cousins and Faison Enterprises. Cousins' portion of the net proceeds is approximately $36 million. These funds will be used to partially fund its pending $1.1 billion Texas office portfolio acquisition, currently scheduled to close in mid-September.
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Cirrus Logic, Inc.(NASDAQ:CRUS) shares gained 1.67% to $21.37. The company on July 25 reported first-quarter profit of $20.64 million or $0.31 per share, up from $6.93 million or $0.10 per share in the same period last year. Revenues totaled $155.13 million, up from $99.01 million last year. Analysts expected revenues of $160.12 million.
Looking forward, the company has forecast second quarter revenues in the range of $170 million to $190 million. Analysts currently expect second-quarter revenues of $189.99 million.
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Glimcher Realty Trust (NYSE:GRT) shares jumped 1.74% and closed at $10.52 in the last trading session. The company on July 18 announced financial results for the second quarter ended June 30, 2013. Net income during the second quarter of 2013 was $29.9 million, or $0.21 per share, as compared to net income of $15.5 million, or $0.11 per share, in the second quarter of 2012. Funds From Operations (“FFO”) during the second quarter of 2013 were $33.4 million, or $0.23 per share, compared to $16.6 million, or $0.12 per share, in the second quarter of 2012. Adjusted FFO for the second quarter of 2013 was $26.6 million, or $0.18 per share.
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