Span-America Medical Systems, Inc. leads Thursday small-cap percentage losers
A Brean Murray, Carret & Co. analyst said Neurochem Inc.’s (Nasdaq: NRMX)’s drug candidate Alzhemed will likely fail in a late-stage clinical trial and Kiacta won't receive FDA approval.
Hooker Furniture Corp. (Nasdaq: HOFT) reported double-digit declines in sales and earnings in its first quarter. The Martinsville, Virginia-based furniture manufacturer reported net income of $4.3 million or $0.33 per share, for the first quarter ended April 29, down from $5.8 million or $0.49 per share in the year-ago period.
James River Coal Co. (Nasdaq: JRCC) said it may periodically sell up to $150 million in debt securities, common and preferred stock, warrants and units. The Richmond, Va.-based coal producer said it intends to use the money for working capital and general corporate purposes.
G-III Apparel Group, Ltd. (Nasdaq: GIII) said it expects to report a wider second quarter loss. The company, which makes and licenses apparel under brand names including Calvin Klein, Kenneth Cole and Sean Jean, expects a loss of between $0.19 and $0.24 per share on revenue of about $75 million. In the year-ago quarter, the company recorded a $0.14 loss on $69.1 million in sales. Analysts polled by Thomson Financial expected a second-quarter loss of $0.12 per share on revenue of $82.3 million.
Acton, Mass.-based SeaChange International (Nasdaq: SEAC) reported a first quarter loss of $0.12 per share, which was $0.02 worse than Wall Street estimates.
These are the biggest percentage losers in Thursday's trading among companies with market capitalizations under $500 million:
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