Boston, MA -- (SBWIRE) -- 08/23/2013 -- 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), InvenSense Inc (NYSE:INVN), Forest Oil Corporation (NYSE:FST), Dean Foods Company (NYSE:DF)
Organovo Holdings Inc (NYSEMKT:ONVO) stock decreased 5.80% to $5.52. 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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InvenSense Inc (NYSE:INVN) shares increased 0.99% to $17.27. The company on July 30 announced its first quarter fiscal year 2014 results. Net revenue for the first fiscal quarter of 2014 was $55.9 million, up from $39.2 million for the first fiscal quarter of 2013. Net income for the first fiscal quarter of 2014 was $10.3 million, up from $7.7 million for the first fiscal quarter of 2013. Diluted earnings per share for the first fiscal quarter of 2014 was $0.12, up from $0.09 for the first fiscal quarter of 2013.
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Forest Oil Corporation (NYSE:FST) shares gained 0.19% to $5.37. The company on August 6 said it swung to a second-quarter profit on fewer charges. The company reported a profit of $33.4 million, or 28 cents a share, compared with a year-ago loss of $511.2 million, or $4.44 a share. Adjusted per-share earnings were flat at six cents a share. Revenue declined 14% to $116.8 million. Analysts were expecting earnings of a penny a share on revenue of $120 million.
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Dean Foods Company (NYSE:DF) shares declined 0.72% to $9.70. The company on August 14 announced a 1-for-2 reverse stock split of issued Dean Foods common stock. Dean Foods anticipates the reverse stock split will be effective after the close of trading on Monday, August 26, 2013, and Dean Foods common stock will begin trading on a split adjusted basis on the New York Stock Exchange (NYSE) at the opening of trading on Tuesday, August 27, 2013.
Additionally, the company on August 8 said its second-quarter net loss was $56.87 million or $0.30 per share, compared to net loss of $56.17 million or $0.30 per share in the year-ago period. Adjusted net income for the quarter was $24.20 million or $0.13 per share. Analysts expected the company to report earnings of $0.14 per share for the quarter. Net sales for the quarter were flat with the year-ago period at $2.23 billion. Analysts had a consensus revenue estimate of $2.25 billion.
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