Small cap
stocks making big moves on Thursday, November 20, 2014 (as of 4 pm EST), as
reported by Hassan Malik, SmallCapPower.com
Habit Restaurants Inc. (NASDAQ: HABT) shot up 120%
to $39.54 following the company’s IPO. The fast-casual restaurant initially
offered 5 million shares at $18 a piece but they quickly opened 67% higher at
$30. The restaurant has grown from 26 locations across three markets in
California at the end of December 2009 to 98 locations across 10 markets in
four states in late August. The company has a compound annual growth rate or
34.5% from 2009 to 2013.
As well,
shares of Net Element, Inc. (NASDAQ: NETE) shot up 39%
to $1.82 after IFS Securities issued a third-quarter update on the mobile
payments technology company. IFS has given the company a “strong buy”
recommendation yet again. Internally, the company has significantly reduced its
debt from $13.7 million to $3.3 million at the end of Q3 2014.
Datawatch Corporation (NASDAQ: DWCH) stock,
meanwhile, sank 17% to $9.16 on Thursday following disappointing financial
results in its fiscal fourth year quarter. The company reported a loss of $4.9
million. The information optimization products company posted Q4 revenue of
$9.1 million. On an earnings per share basis, the company recorded a loss of 44
cents per share. Losses, adjusted for stock option expense and amortization
costs, were 18 cents per share.
