NEW YORK, NY, United States, via ETELIGIS INC., 11/02/2012 - - Big 5 Sporting Goods Corporation(NASDAQ:BGFV) stock surged 35.65% to $12.10 after the company reported third quarter net income of $0.38 per share, up from $0.27 per share in the previous year. The company expects to report fourth quarter EPS of $0.13 to $0.21.
Additionally, BGFV’s stock was upgraded by analysts at Feltl & Co. from a “hold” rating to a “buy” rating in a research report issued to clients and investors today. The firm currently has a $11.00 price target on the stock.
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Quantum Corp(NYSE:QTM) shares climbed 18.64% to $1.40. The company announced that it has sold more than 1,000 DXi6701/02 disk backup and deduplication appliances, driven by broad adoption in the first year of shipping. The unmatched performance, scalability and value of the DXi6701/02 helped make it the most successful branded systems product launch in Quantum's history, and since then customers across the globe have deployed it to meet their data protection needs.
Additionally, QTM’s stock had its “sector perform” rating reiterated by equities research analysts at FBN Securities in a research note issued to investors last week. They currently have a $1.50 price target on the stock.
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Enzo Biochem, Inc.(NYSE:ENZ) shares gained 18.26% to $2.72 after the company was awarded $48.6 million after a federal jury said Life Technologies Corp.’s Applera unit infringed a patent over a way to detect genetic sequences and diagnose human diseases such as cancer. The federal jury in New Haven, Connecticut, rejected Applera’s claims that the patent was invalid. Enzo said it will ask for interest that could add tens of millions of dollars to the final damage award.
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China Hgs Real Estate Inc(NASDAQ:HGSH) shares fell 6.65% to $2.53. The 52 week trading range for the company is $0.24 - $3.28. The shares of the company gained 173% in the last one year. The company engages in real estate development, in the construction and sale of residential apartments, car parks and commercial properties.
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Threshold Pharmaceuticals, Inc.(NASDAQ:THLD) shares climbed 13.39% to $4.64 after the company reported third quarter net loss of $1.0 million or $0.06 per diluted share, narrower than the net loss of $4.12 million or $0.08 per diluted share in the year ago period. Analysts expected the company to report a loss of $0.06 per share for the quarter. The company recognized revenue of $1.79 million in the latest quarter, while in the year-ago quarter no revenues were generated.
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