A small loss was a gain for investors in a consumer goods stock Thursday. Here’s some small stocks making big moves on Thursday, March 12, 2020 (as of 4 pm EST):
Dorel Industries Inc. (TSX:DII.B), a consumer goods stock, rose as much as 7% before ending down 25% to $1.95 on Thursday after announcing that its Fiscal 2019 net loss narrowed to US$10.5 million from US$444.3 million during 2018, while full-year revenue was flat at US$2.63 billion.
As well, shares of exactEarth Ltd. (TSX:XCT) climbed as much as 8% as the provider of Satellite-AIS data services said its first-quarter revenue increased 17% to $4.1 million, while its net loss for the period narrowed to $0.6 million from $1.2 million a year earlier.
Linamar Corporation (TSX:LNR), meanwhile, reported 2019 free cash flow of more than $670 million, $380 million of which was generated in the fourth quarter of 2019. Linamar stock moved up 4% to $30.30 following the announcement.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
To read our full disclosure, please click on the button below:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
Dorel Industries Inc. (TSX:DII.B), a consumer goods stock, rose as much as 7% before ending down 25% to $1.95 on Thursday after announcing that its Fiscal 2019 net loss narrowed to US$10.5 million from US$444.3 million during 2018, while full-year revenue was flat at US$2.63 billion.
, on Thursday.){kind=link}