On strong sales, MFRI Inc. leads Tuesday small-cap percentage gainers
Air filters and piping systems maker MFRI, Inc. (Nasdaq: MFRI) said strong sales prompted its first-quarter profit to multiply six times over the year-ago period. The Niles, Ill.-based company reported income for the first quarter ended April 30 was $1 million, or $0.15 per share, up from $151,000, or $0.03 per share, a year earlier. Analysts polled by Thomson Financial predicted earnings of $0.10 per share.
NeurogesX Inc. (Nasdaq: NGSX) announced it has completed enrollment for the third trial phase of its postherpetic neuralgia treatment NGX-4010.
Boosted by increased pricing and operational improvements, Exide Technologies’ (Nasdaq: XIDE) fourth quarter loss narrowed from the year-ago period. The battery maker reported a quarterly loss of $21.6 million, or $0.35 per share, compared with a loss of $76.3 million, or $2.98 per share, a year earlier.
Cano Petroleum, Inc. (AMEX: CFW) said it sold its Rich Valley, Okl. property to a private company for $7.0 million.
Solar energy equipment maker Amtech Systems, Inc. (Nasdaq: ASYS) announced $4.1 million in new orders from Asia. The Tempe, Ariz.-based company said it expects to deliver the orders in six months.
Rock Hill, S.C.-based 3D Systems Corp. (Nasdaq: TDSC) announced its Tangible Express technology will be featured in the July issue of “Plastics Technology” magazine.
These are the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $500 million:
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