Unusual 11 Mid-Day Movers 07/06: (FFHL) (SYMX) (PMI) Higher; (DRWI) (ZN) (BSDM) Lower

July 6, 2011 2:08 PM EDT
Fuwei Films (Holdings) Co., Ltd. (Nasdaq: FFHL) 41% HIGHER; said its wholly-owned subsidiary, Fuwei Films (Shandong) Co., Ltd. signed a letter of intent on PETG heat shrinkable label film supply for the second half of this year with China Bottlers Procurement Consortium, the authorized procurement service provider for the Coca-Cola Bottling system in China, on June 30, 2011.

Synthesis Energy (Nasdaq: SYMX) 23.0% HIGHER; seems to be breaking back above the $2 level this morning after dipping below this level earlier last month. The stock has already traded nearly 613 thousand shares, compared to average full-day volume of about 240,000 shares.

PMI Group (NYSE: PMI) 18.1% HIGHER; late last night Standard & Poor's affirmed the company's B- ratings and removed from its Watch list.

China New Borun (Nasdaq: BORN) 17.3% HIGHER; confirmed that it will continue its relationship with its existing audit team by engaging BDO China Shu Lun Pan Certified Public Accountants LLP

Hutchinson Technology Incorporated (Nasdaq: HTCH) 17.2% HIGHER; reports the following preliminary Q3 results. Sees revs of $72 million, versus consensus views calling for $65.52 million. Shipments increased 15 percent sequentially to 118 million suspension assemblies.

ENGlobal (Nasdaq: ENG) 17% HIGHER; announced today that it has been awarded an engineering, procurement, and construction services agreement from Georgia-Pacific Chemicals LLC, a leading chemical manufacturer. The work will be specific to the GP Chemicals Lufkin, Texas processing facility.

DragonWave (Nasdaq: DRWI) 11.7% LOWER; the company's VP of worldwide sales announced his resignation this morning.

Zion Oil & Gas (Nasdaq: ZN) 7.9% LOWER; the stock is continuing lower today following a 17 percent decline yesterday amid news the company's Ma'anit-Joseph #3 well in Israel has "little chance" of containing hydrocarbons of commercial quality.

BSD Medical Corporation (Nasdaq: BSDM) 7.7% LOWER; reported Q3 EPS of ($0.03), versus ($0.10) reported last year. Revenue for the quarter came in at $1.68 million, versus $124 thousand reported last year.

Zagg (Nasdaq: ZAGG) 5.8% LOWER; falling today amid a negative blog post from Roddy Boyd's Financial Investigation site.

WMS Industries (NYSE: WMS) 6.2% LOWER; shares continuing lower today following a bearish research report from Janney this morning. The firm believes WMS will likely lose share on replacements as it deals with product deals. Janney said Bally's (NYSE: BYI) and International Game Tech (NYSE: IGT) are both in better positions than WMS.

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