Small cap
stocks making big moves on Tuesday, November 11, 2014 (as of 4 pm EST), as
reported by Hassan Malik, SmallCapPower.com
China Finance Online Co., Ltd. (NASDAQ: JRJC)
shares shot up 16% to $7.49 after the company announced a new partnership with
Great Wall Securities. Under the terms of the agreement, China Finance Online
will integrate Great Wall Securities’ backend systems with China Finance
Online’s web-based trading platform known as “Securities Master” or
“Zhengquantong.” The integration will allow customers to open online
accounts and trade in real time. Great Wall Securities will also be able to
give new users multiple financial advisory services from the Securities Master
platform.
As well,
shares of Cyanotech Corp. (NASDAQ: CYAN)
surged 23% to $6.06 after the health and nutrition company announced its second
quarter and first half of fiscal year 2015 earnings. For the second quarter of
fiscal 2015, compared to the second quarter of fiscal 2014, net sales were $8,684,000
compared to $7,299,000. This is an increase of 19%. Gross profit was
$4,276,000, with gross profit margin of 49%, compared to gross profit of
$2,993,000 and gross profit margin of 41%. Net income was $188,000 or $0.03 per
diluted share, compared to net income of $106,000 or $0.02 per diluted share.
Turtle Beach Corporation (NASDAQ: HEAR)
stock, meanwhile, sank 24% to $3.97 after it was downgraded by Northland
Capital. The company’s shares were downgraded from “outperform” to “market
perform.” They currently have a $5.75 price target on the stock, down from $13.
Turtle Beach Corp. has a one year low of $5.15 and a one year high of $16.70.
The stock’s 50-day moving average is $6.29 and its 200-day moving average is
$7.92.
