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Unusual 11 Mid-Day Movers 10/22: RITT, MTSL, SUF, ICGN, ATHN, RVBD Higher; LIVE, CONN, SCIL, ENCO, RAS Higher

October 22, 2010 12:56 PM EDT
RITT Hot Sheet
EPS Growth %: +29.6%
RIT Technologies Ltd. (Nasdaq: RITT) 129.90% HIGHER; not really any solid news moving the stock today, though some low-float stocks have been seeing some wild swings lately.

MER Telemanagement Solutions Ltd. (Nasdaq: MTSL) 73.6% HIGHER; see RITT.

SulphCo. (AMEX: SUF) 40.8% HIGHER; shares seem to be breaking above a resistance level at $0.50 today.

Icagen (Nasdaq: ICGN) 23.8% HIGHER; shares are trading on massive volume today despite any news. The stock appears to be holding above the $1.25 level this morning.

LiveDeal, Inc. (Nasdaq: LIVE) 22.5% LOWER; see RITT.

athenahealth (Nasdaq: ATHN) 22.3% HIGHER; reports Q3 EPS of $0.18, 5 cents better than the analyst estimate of $0.13. Revenue for the quarter was $63.1 million, which compares to the estimate of $61.93 million.

Riverbed Technology (Nasdaq: RVBD) 20.8% HIGHER; reports Q3 EPS of $0.34, ex-items, versus the analyst estimate of $0.27. Revenue for the quarter was $147.8 million, which compares to the estimate of $135.28 million. Also announced a 2-for-1 stock split.

Conn’s, Inc. (Nasdaq: CONN) 20.8% LOWER; today announced the record date for a possible rights offering, plans for refinancing its existing debt facilities and an update regarding current business trends. Says same-store sales are down 16% for the first two months of the Q3. Sees a loss for Q3 and also says that it could report a loss during Q4. Click here to see the full report.

Scientific Learning Corp. (Nasdaq: SCIL) 19.1% LOWER; reports Q3 loss of $0.04, versus the analyst estimate of $0.30. Revenue for the quarter was $10.2 million, which compares to the estimate of $20.02 million.

Encorium Group, Inc. (Nasdaq: ENCO) 19.1% LOWER; today announced that, on October 20, 2010, it received notification that a NASDAQ Listing Qualifications Panel has determined to delist the Company's securities from The NASDAQ Stock Market, effective with the open of business on October 22, 2010, as a result of the Company's non-compliance with the minimum $2.5 million stockholders' equity requirement.

RAIT Financial Trust (NYSE: RAS) 17.9% LOWER; reports Q3 EPS of $0.16, versus $0.38 reported for the same period a year ago.

To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers..

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