Small cap
stocks making big moves on Tuesday, November 04, 2014 (as of 4 pm EST), as
reported by Hassan Malik, SmallCapPower.com
Monster Worldwide, Inc. (NYSE: MWW)
shares shot up 14% to $4.17 after the staffing and outsourcing services
company named a new CEO and beat analysts’ estimates for Q3 earnings. Timothy
Yates will take over the company’s CEO position. On a per share basis, the
company reported earnings of $0.05 beating the initial estimates made by
Capital IQ Consensus of $0.03. Revenue grew 2.8% from the year-ago quarter to
$191.2 million, compared to analysts’ estimates of $189.89 million.
As well,
shares of Mannatech, Incorporated (NASDAQ: MTEX)
surged 64% to $23.06 on Tuesday after the nutrition-based company reported its
Q3 results. On a per share basis, earning came in at $1.89. This figure was
$0.30 a year ago. Revenue reported was $55.6 million, which is a 25.2% increase
from the $44.4 million reported in Q3 of 2013.
RetailMeNot, Inc. (NASDAQ: SALE)
stock, meanwhile, sank 30% to $14.35 after the company was downgraded to
“neutral” from “buy” by analysts at Goldman Sachs. Goldman Sachs said it
removed the company from its “Americas Buy List” because the company
is struggling to transition to mobile. From a performance point of view, the
company has been sluggish in the past 12 months. Earnings per share are lower
today than the year-earlier quarter. Despite the heavy decline in its share
price, this stock is still more expensive (when compared to its current
earnings) than most other companies in its industry. Its net income has
decreased by 15.6% when compared to the same quarter one year ago, dropping from
$5.12 million to $4.33 million.
