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SmallCap stocks Sonic Solutions (SNIC), BSD Medical (BSDM) and Wonder Auto Technology (WATG) all posted early and pre-market opening gains today as the lackluster broad markets waited on the Federal Reserve to announce its interest rate decision before they sent in the bulls or the bears. The financial services sector was also pensive at the open, waiting for BigCap investor reaction to Bank of America's (BAC) and JPMorgan's (JPM) news that they are going to overhaul overdraft fees and opt-in overdraft protection before the Congress gets a hold on the issue.
Gaining 7.90% ($0.46) this morning is S&P SmallCap 600 company Sonic Solutions Inc., (SNIC) http://www.sonic.com/ currently trading on the Nasdaq in the $6.26 range. SNIC has a new market cap of $167 million. SNIC has a 3-Month average daily trading volume of 263,348 shares and matched that number two hours into today's session.
SNIC announced late yesterday that its products are ready to support the Blockbuster (BBI) On-Demand movie service across a wide range of applications and technologies. Sonic's Roxio CinemaNow will enable digital delivery of the vast library of Blockbuster premium content to TiVo, DVRs, HDTVs, Blu-ray Disc players, OEM home-theater systems and Motorola mobile phones.
SNIC management also said the company is working with Blockbuster on future applications portable media players, personal video recorders, set-top boxes, and a wide range of mobile phones and Web-connected television sets.
"Combining Blockbuster's trusted brand with Sonic's digital delivery technologies has proven to be a very successful formula," said Dave Habiger, president and CEO of SNIC. Jim Keyes, Blockbuster chairman and CEO said, "We will continue to work together (with SNIC) to form relationships with more top-tier device manufacturers and expand our reach to more home and mobile electronics."
SNIC makes and sells products and services that enable the creation and management of digital media content across various technology platforms. SNIC operates in two segments: Roxio Consumer and Premium Content. The Roxio Consumer segment creates software and services that enable consumers to create, manage, and share personal digital media content on and across a range of connected devices. The Premium Content segment offers a range of products and services related to the creation and distribution of premium content to motion picture studios and professional customers.
At $6.26, SNIC is above its 52-week high of $5.97 set on 09-22-09 and above its 52-week low of $0.57 set 0n 03-09-09. At $6.26, SNIC is ahead of both its 50-day and 200-day moving averages. SNIC has trailing twelve month revenues of $115 million. SNIC is widely held by institutions. Its shares out versus float ratio is near-parity.
Gaining as much as 4.28% ($0.16) this morning is BSD Medical Corp., (BSDM) http://www.bsdmc.com/ currently trading in the $3.97 range on the Nasdaq. BSDM has a new market cap of $87 million. BSDM has a 3-Month average daily trading volume of 197,502 shares and it topped 9 times that amount of shares, 1,871,780, two hours into the session.
Today's positive trading activity is a continuance of yesterday's 120% gain in stock price that resulted from news the BSDM electromagnetic energy heating system used to aid cancer treatment patients made tumors more sensitive and BSDM system users were more likely to stay alive and cancer-free for longer than those who receive only chemotherapy.
Researchers in Berlin found the heating of tumors may lead to cutting the dose of chemotherapy drugs. German researchers looking at cancers in soft tissues such as muscle, fat and tissue around the joints, found that heat treatment more than doubled the proportion of patients whose tumors responded to chemotherapy.
Importantly, the BSDM process did not increase the harmful effects of chemotherapy treatment. "We expect our findings will encourage other researchers to test the approach in other locally advanced cancers," said Rolf Issels, a professor of medical oncology at the University of Munich in Germany.
"Targeted heat therapy has already shown promise in recurrent breast and locally advanced cervical cancer in combination with radiation, and studies combining it with chemotherapy in other localised tumors such as those in the pancreas and rectum are ongoing," said Issels.
BSDM Targeted Heat Therapy
Heat therapy for cancer involves a technique known as regional hyperthermia, which uses focused electromagnetic energy to warm the tissue in and around the tumor to between 40 and 43 degrees Celsius (104 to 109.4 degrees Fahrenheit). The heat not only kills cancer cells, but also seems to make chemotherapy work better by making cancer cells more sensitive. "It also improves blood flow, allowing chemotherapy to be more effective," Issels added.
BSDM makes, sells and services products to fight cancer with heat, precision-focused radio frequency and microwave energies. BSDM products include: the MicroThermX-100 Microwave Ablation System, the BSD-500 system, and the BSD-2000 family of products. BSDM customers include: clinics, hospitals, research facilities, universities and institutes that treat cancer worldwide.
At $3.97, BSDM is below its 52-week high of $6.83 set on 09-24-08 and is above its 52-week low of $1.17 set on 03-09-09. At $3.97, BSDM is ahead of both its 50-day and 200-day moving averages. BSDM is widely held by insiders. I would like to see more shares in the public float for stability.
Gaining 6.98% ($0.79) this morning is Wonder Auto Technology Inc., (WATG) http://www.watg.cn/ currently trading in the $12.05 range on the Nasdaq. WATG has a new market cap of $324 million. WATG has a 3-Month average daily trading volume of 330,762 shares and it easily surpassed half of that number two hours into the session.
WATG is a Chinese manufacturer of automotive electrical components and other parts and it announced today that one of its subsidiaries acquired Hong-Kong based Friend Birch Ltd. for $12 million. WATG management said the addition of Friend Birch's research and development center will help WATG improve the quality and increase the variety of its own rod and shaft products.
WATG management also noted the deal includes Friend Birch's rods and shafts technology development center, technologies and patents and two subsidiaries that produce automotive springs and other components. WATG expects the acquisition to boost its profit by $2 million dollars over the next 12 months.
Auto building in China will grow and grow in the decades ahead and analysts know that. On September 17, research house Piper Jaffray upgraded WATG from a 'neutral' to an 'overweight' partly based on its positioning inside of China.
WATG, through its subsidiaries, engages in the business of designing, developing, manufacturing, and selling automotive electrical parts in China. WATG sells alternators, starters, engine valves, tappets, rods, shafts, rectifiers, regulator products, engine valves, and tappets. WATG products are used in passenger cars and commercial vehicles. WATG sells its products to automakers, engine manufacturers, and auto parts suppliers in China. WATG is headquartered in Jinzhou, China.
At $12.05, WATG is pennies beneath its 52-week high of $12.83 set on 08-03-09 and is far above its 52-week low of $2.04 set on 01-23-09. At $12.05, WATG is ahead of both its 50-day and 200-day moving averages. WATG has trailing twelve month revenues of $163 million and a trailing twelve month diluted EPS of $0.74. WATG is widely held by insiders and institution. Its shares out versus float (26m/13m) are a little lopsided and I would like to see more shares in the public float.
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