Celsion Corp. leads Tuesday small-cap percentage gainers
Shares of T.A.T. Technologies Ltd. (Nasdaq: TATTF), the Gedera, Israel-based manufacturer of heat transfer and accessory equipment for airplanes, shot up nearly 17% following the announcement at the start of Tuesday trading of a 53% increase in revenue from a year earlier for the first quarter ended Mach 31. The company, incorporated in 1985, reported a 106% first quarter profit increase to $2.6 million.
Shares of Nashua Corp. (Nasdaq: NSHA), the Nashua, N.H.-based paper manufacturer, are up over 10% following announcement at the start of Tuesday trading the company plans to buy back 1.9 million shares at $10.50 a share. If the company goes through with its intentions, it will repurchase about 30% of its outstanding shares. Bank of America (NYSE: BAC) and LaSalle Bank Corp. are financing the buyback, according to the press release. Nashua shares are trading near the 52-week high of $10.
Shares of Shamir Optical Industry, Ltd. (Nasdaq: SHMR), the Upper Galilee, Israel-based optical lens manufacturer, are up over 12% following announcement that the company’s first quarter revenues ended March 31 were well above analysts’ expectations. The company reported strong revenue growth in the United States and reaffirmed its 2007 revenue guidance, according to a press release.
These are the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $500 million:
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| 12:29 et | Change | Change | Volume | Year High | Year Low |
