Boston, MA -- (SBWIRE) -- 08/27/2013 -- 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: (Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), PMC-Sierra Inc (NASDAQ:PMCS), Goodrich Petroleum Corporation (NYSE:GDP), Smith & Wesson Holding Corporation (NASDAQ:SWHC)
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) stock dropped 1.88% to $6.91. ARNA’s stock was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on August 5. The firm currently has a $7.40 price objective on the stock.
Additionally, the company on Aug. 1 provided a corporate update and reported financial results for the second quarter ended June 30, 2013. Second quarter revenues totaled $68.9 million, including $1.3 million in net product sales and $65.5 million in milestone payments. Net income allocable to common stockholders was $40.1 million, or $0.18 per share.
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PMC-Sierra Inc (NASDAQ:PMCS) shares dropped 1.87% to $6.30. The company on July 29 said that its second-quarter loss grew and its revenue fell below Wall Street forecasts. The company lost $4.2 million, or 2 cents per share. That compares with a loss of $103,000, or breakeven per share, a year ago. Excluding one-time items adjusted earnings for the most recent quarter came to $16.3 million, or 8 cents per share. Revenue fell 7 percent to $127.9 million. Analysts expected adjusted earnings of 8 cents per share on revenue of $130.7 million.
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Goodrich Petroleum Corporation (NYSE:GDP) shares decreased 0.52% to $20.99. The board of directors of Goodrich Petroleum Corporation on August 22 has declared a quarterly cash dividend of $0.625 per depositary share, on its 10.00% Series C Cumulative Preferred Stock. The dividend will be paid on September 16, 2013 to stockholders of record as of September 3, 2013.
The board of directors of Goodrich Petroleum Corporation also declared a quarterly cash dividend of $0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred Stock. The dividend will be paid on September 16, 2013 to stockholders of record as of September 3, 2013.
Is GDP A Good Buy After The Recent Price Movement? Find Out Here
Smith & Wesson Holding Corporation (NASDAQ:SWHC) shares jumped 0.82% to $11.11. The company on August 19 announced that it has successfully completed a new $75 million unsecured revolving credit facility (the "Credit Facility") that is expandable under an accordion feature that allows, in certain circumstances, for the company to increase the size of the Credit Facility in $25 million increments up to a maximum loan of $175 million.
Additionally, the company announced that it plans to release its first quarter fiscal 2014 financial results on Thursday, September 5, after the close of the market.
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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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