Morning Movers 8/19: OTIX, ISR, CERS, CLZR, LZB, IPAS Higher; VTG, YGE, LFT, ENS, ADPI Lower

August 19, 2009 9:36 AM EDT

Otix Global (Nasdaq: OTIX) 42% HIGHER; Sonic Innovations, part of the Otix family, has been awarded a contract to supply hearing aids to the U.S. Veterans Administration beginning Nov. 1, 2009. According to industry data from the Hearing Industry Association, the VA represents approximately 18 percent of the market for hearing aids and experienced unit growth of more than 29 percent for the three months ended June 30, 2009 compared to the same period of 2008. Click here to see the full report.

IsoRay (AMEX: ISR) 38.4% HIGHER; continuing higher following yesterday's 116% rise on news that it received FDA clearance supporting Proxcelan(TM) Cesium-131 Brachytherapy Seeds for the enhanced loading and delivery methods for treatment of cancers well beyond the current prostate market.

Cerus Corporation (NASDAQ: CERS) 35.2% HIGHER; announced today that the Swiss regulatory body, Swissmedic, has approved the use of platelet components treated with Cerus' INTERCEPT Blood System. The approval extends permitted storage time for platelets to seven days with INTERCEPT treatment, compared to five days without treatment.

Vantage Drilling Company (NYSE: VTG) 25.6% LOWER; announced that it intends to offer, subject to market and other conditions, 46,500,000 of its ordinary shares. In connection with this offering, Vantage will grant the underwriters an option to purchase 6,975,000 additional ordinary shares to cover any over-allotments. Vantage intends to use proceeds from this offering, as well as the proceeds from the financing for its Aquamarine Driller, to finance the final construction payment for the Aquamarine Driller, and to use the remainder for general corporate purposes and working capital.

Candela Corp. (Nasdaq: CLZR) 19.3% HIGHER; reports Q4 EPS of $0.02, compared to ($0.10) in the same quarter last year. Revenue for the quarter was $31.4 million, versus $37.4 million in Q408.

Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) 13.1% LOWER; reports Q2 EPS of $0.14, ex-items, 10 cents better than the analyst estimate of $0.04. Revenue for the quarter was $219.5 million, versus the consensus of $213.53 million. Backs its FY09 module shipment guidance of 450-500MW, with gross margin of 18-20%.

La-Z-Boy Inc. (NYSE: LZB) 12.6% HIGHER; reports Q1 adj-EPS of $0.05, 10 cents better than the analyst estimate of ($0.05). Revenue for the quarter was $262.7 million, versus the consensus of $255.14 million.

iPass Inc. (NASDAQ: IPAS) 12.1% HIGHER; today announced that its board of directors has authorized an extraordinary cash dividend of $0.32 per share. The cash dividend is payable September 17, 2009 to stockholders of record as of August 31, 2009.

Longtop Financial (NYSE: LFT) 10.7% LOWER; reports Q1 EPS of $0.20, ex-items, 1 cent lower than the analyst estimate of $0.21. Revenue for the quarter was $28.5 million, versus the consensus of $27.16 million. Sees Q2 adj-EPS of $0.37, versus the Street estimate of $0.37, on sales of $37.5 million, versus the consensus of $36.80 million. Raises its FY10 non-GAAP EPS guidance to about $1.22, versus the consensus of $1.19, on sales of about $145 million, which compares to the Street estimate of $143.46 million.

BioDelivery Sciences International, Inc. (Nasdaq: BDSI) 10.4% HIGHER; today announced that it has retained ICR, a leading investor relations and strategic advisory firm, to assist in the Company's shareholder communications program. ICR, founded in 1998 by a group of former institutional capital markets professionals, is headquartered in Westport, Connecticut, with offices in Westport, New York, Los Angeles, Boston, Chicago, Minneapolis, Beijing, and Shanghai.

PokerTek (Nasdaq: PTEK) 9.7% HIGHER; announced that ICP Electronics will become a shareholder of the Company. Pursuant to the terms of the agreement, PokerTek will issue 565,000 shares of common stock to ICP valued at price of $0.85 per share as soon as practicable.

Popular, Inc. (Nasdaq: BPOP) 9.7% HIGHER; today announced that it has determined the Relevant Price and Exchange Ratios in connection with its previously announced offer to issue up to 390 million shares of its Common Stock in exchange for its Series A Preferred Stock and Series B Preferred Stock and for the Trust Preferred Securities. Click here for the full report.

EnerSys (NYSE: ENS) 9.6% LOWER; announced today that certain of its stockholders, including affiliates of Metalmark Capital LLC, and certain other institutional investors, have agreed to sell 3,200,000 shares of its common stock to Goldman, Sachs & Co. All net proceeds from the sale of the common stock will be received by the selling stockholders. EnerSys will not receive any of the proceeds.

American Dental Partners, Inc. (NASDAQ: ADPI) 8.4% LOWER; announced today that it priced a public offering of 2,260,000 shares of common stock at $12.00 per share with expected net proceeds of approximately $25,337,000 after deducting underwriting discounts and commissions and estimated expenses of the offering (assuming no exercise of an over-allotment option to purchase an additional 339,000 shares granted by the Company to the underwriter). Click here for the full report.

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