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Unusual 11 Mid-Day Movers 03/03: (GTEC) (ASGR) (DUSA) Higher; (AMLN) (SIGM) (ALKS) Lower

March 3, 2011 12:53 PM EST
GTEC Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)
Global Defense Technology & Systems, Inc. (Nasdaq: GTEC) 50.2% HIGHER; entered into an agreement to be acquired by Ares Management for $24.25 per share.

America Service Group Inc. (Nasdaq: ASGR) 46.9% HIGHER; reported Q4 EPS of $0.18, $0.13 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $158.8 million versus the consensus estimate of $157.9 million. Also sees FY11 revs of $635 - $645 million, versus the consensus of $638 million. Also entered into a merger agreement with Valitás Health Services.

DUSA Pharmaceuticals Inc. (Nasdaq: DUSA) 31.9% HIGHER; reported Q4 EPS of $0.12, eight cents better than the analyst estimate of $0.04. Revenue for the quarter came in at $12 million versus the consensus estimate of $10.28 million.

Superconductor Technologies Inc. (Nasdaq: SCON) 30.5% HIGHER; saw accelerated buying through the $3.30 price level today. Volume is about 7x thr trailing three-month average currently. No specific news is moving the stock today, but the $3.30 price level has been a resistance for the shares over the last 30-days.

Sauer-Danfoss Inc. (NYSE: SHS) 27.1% HIGHER; eported Q4 EPS of $2.60, versus ($1.55) last year. Revenue for the quarter came in at $428.9 million, versus $278.9 last year. SHS sees FY11 EPS of $3.00 - $4.00.

Amylin Pharmaceuticals, Inc. (Nasdaq: AMLN) 22.8% LOWER; BYDUREON did not meet the pre-specified primary endpoint of non-inferiority when put head-to-head in a clinical trial versus Victoza. Click here for more color from the release.

Trans World Entertainment Corp. (Nasdaq: TWMC) 21.3% HIGHER; reported Q4 EPS of $0.42, versus $0.48 last year. Revenue for the quarter came in at $231.3 million, versus $295.4 million last year. Comps in the quarter also decreased 6%.

Sigma Designs (Nasdaq: SIGM) 12.4% LOWER; reported Q4 EPS of $0.32, 1 cent better than the analyst estimate of $0.31. Revenue for the quarter came in at $70.6 million versus the consensus estimate of $70.45 million.

Alkermes, Inc. (Nasdaq: ALKS) 12.3% LOWER; sees Amylin above.

Mines Management, Inc. (AMEX: MGN) 11.5% LOWER; priced an underwritten public offering of 4,800,000 shares of common stock at a price to the public of $3.15 per share.

Lucas Energy, Inc. (AMEX: LEI) 14.7% LOWER; pulling back a little today following a surge yesterday that had the stock closing 79% higher. LEI reported that he Hilcorp Energy Company operated Hagen EF No.2H Eagle Ford horizontal well has been fracture stimulated, completed, and tested.

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Unusual 11 Mid-Day Movers, Global Defense Technology & Systems/Ares Management, America Service Group/Valitás Health Services

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