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Jones Soda Co. leads Monday small-cap pre-market volume

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ThinkEquity reportedly raised its ratings on Jones Soda Co. (Nasdaq: JSDA) to “buy” from “accumulate.”

Formula Systems (Nasdaq: FORTY) is selling its 46% interest in software maker BluePhoenix Solutions (Nasdaq: BPHX) to a group of international institutional investors for $8.80 per share, which is a 9% discount from Friday’s closing price.

OC Oerlikon AG and Microvision, Inc. (Nasdaq: MVIS) reported the companies are collaborating to bring an ultra-miniature display technology to market, with a variety of opportunities for automotive and consumer applications.

Investment bank C.E. Unterberg, Towbin reiterated its “buy” rating for Ceragon Networks Ltd. (Nasdaq: CRNT) and set a target price of $14 per share.

The following are the most actively traded companies in Monday pre-market trading among those with market capitalizations under $500 million:

    Price at %
9:22 et Change Change Volume Year High Year Low
 JSDA  JONES SODA CO   15.46     +0.62     +4.2%     67.8k     32.60     7.51  
 BRLC  SYNTAX BRILLIAN CORP   5.46     +0.23     +4.4%     64.9k     11.70     2.16  
 CRNT  CERAGON NETWORKS LTD   10.83     +0.78     +7.8%     28.1k     10.44     3.96  
 BPHX  BLUEPHOENIX SOLUTIONS LTD   8.60     -0.19     -2.2%     18.1k     10.69     4.41  
 HOKU  HOKU SCIENTIFIC INC   6.43     +0.06     +0.9%     16.6k     7.95     2.12  
 ORCT  ORCKIT COMMUNICATIONS LTD   10.03     +0.87     +9.5%     16.0k     12.42     6.75  
 BAMM  BOOKS-A-MILLION INC   18.50     -1.60     -8.0%     13.2k     23.70     13.77  
 MVIS  MICROVISION INC DEL   5.65     +0.25     +4.6%     12.8k     5.90     1.16  
 ASTI  ASCENT SOLAR TECHNOLOGIES IN   8.24     +0.27     +3.4%     11.6k     11.34     2.01  
 KMGB  KMG CHEMICALS INC   24.00     -0.79     -3.2%     10.1k     25.84     7.04