Here are four Small Cap companies that make and sell scientific instruments and are producing big profits for shareholders:
Take a look at Bruker Corporation (NASDAQ:BRKR) which was trading in the $15 range at the beginning of November and is currently trading in the $19.75 range, a gain of 31.66% in six months on a strong, classic, textbook run up. BRKR hit $21 several times this month. Bruker Corporation operates through two segments: Scientific Instruments, and Energy & Supercon Technologies.
And take a look at Affymetrix Inc (NASDAQ:AFFX) which was trading in the $4.40 range and is currently trading in the $5.47 range, a gain of 24.31% in six months on a strong run up. AFFX was pushing for $6 earlier this month. Affymetrix Inc makes, sells, and services systems for genetic analysis in the life sciences and clinical healthcare markets.
Then there’s Garmin Ltd (NASDAQ:GRMN) which was trading below $29 in mid November and is currently trading in the $34.39 range, a gain of 18.58% in a little less than six months on a strong, steady run up. GRMN topped $35 in early March and pays a 4.38% dividend. Garmin Ltd makes and sells global positioning system (GPS) enabled products and other navigation, communication, and information products worldwide.
Finally take a look at Ion Geophysical Corporation (NYSE:IO) which was trading in the $5 range at the beginning of November and is currently trading in the $12.59 range, a gain of 151% in six months on a strong, classic, textbook run up. IO nearly hit $14 earlier this month before a little profit taking set in. Ion Geophysical Corporation operates in four segments: Land Imaging Systems, Marine Imaging Systems, Data Management Solutions, and ION Solutions.
I think the BRKR has so much strength and support that its run up will continue in the near term and the stock will head for the $25 level.
I like the current entry level price of AFFX and think the stock will take the $6 level in the near term and head towards $7 - $7.50.
The GRMN run up will continue, I believe, and the stock will take and hold the $35 level in the near term before heading for $38.
I believe the IO run will continue in the near term and the stock will easily return to the $14 level before making a run at $16.