Boston, MA -- (SBWIRE) -- 09/11/2013 -- 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: (Ruckus Wireless Inc (NYSE:RKUS), Forest Oil Corporation (NYSE:FST), Intrepid Potash, Inc. (NYSE:IPI), Quiksilver, Inc. (NYSE:ZQK)
Ruckus Wireless Inc (NYSE:RKUS) shares jumped 4.57% to $16.69. The company announced that Selina Lo, president and CEO, and Seamus Hennessy, chief financial officer, will be presenting at the Deutsche Bank's dbAccess Technology Conference in Las Vegas on Wednesday, September 11, 2013.
Additionally, the company on July 31 announced second quarter revenue of $63.9 million, an increase of 30.6% from the second quarter of 2012. Second quarter GAAP net income was $0.7 million, compared with GAAP net income of $20.6 million in the year ago period.
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Forest Oil Corporation (NYSE:FST) shares decreased 2.41% to $5.66. The company on Sept. 3 announced that it has entered into a definitive agreement with an undisclosed buyer to sell a portion of its largely undeveloped acreage position located in the Permian Basin of West Texas for proceeds of approx. $35 million. The transaction includes approximately 58,200 gross acres located in Crockett County, Texas. The sale is expected to close on or before September 10, 2013 and is subject to customary purchase price adjustments and closing conditions. The Company plans to use the proceeds from this divestiture to reduce outstanding borrowings under its bank credit facility.
Is FST A Good Buy After The Recent Price Movement? Find Out Here
Intrepid Potash, Inc. (NYSE:IPI) shares jumped 1.87% to $14.19. IPI’s stock had its target price reduced by Barclays Capital from $13.00 to $12.00 in a report issued on August 12.
Additionally, the company on July 31 reported financial results for the second quarter of 2013. The company posted second quarter net income of $11.3 million, or $0.15 per share, compared with second quarter 2012 net income of $19.0 million, or $0.25 per share. Adjusted net income was $12.7 million, or $0.17 per share, compared with $18.8 million, or $0.25 per share, in the same period of the prior year.
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Quiksilver, Inc. (NYSE:ZQK) shares fell 0.44% and closed at $6.72. 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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