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Winners And Losers: March 27-31st
Big Winners
LanOptics Ltd. (LNOP) was a pretty sight for its investor to see trading on the market this week, as shares of the network technology company soared a full 26% by Friday's close. The company, publicly traded on the Nasdaq for the last 10 years, has had a rather rocky ride in the market during its existence, repeatedly seeing its share price bounce up and down between levels above $20 and under $10. However, there was nothing uncertain about investor's sentiment for the stock at Thursday morning's open, the stock soaring up to open at an even $9.00 from its previous close of under $8. With a great head of steam built up by week's end, it will be interesting to see how this stock performs in the short-term going forward.
Spatialight Inc. (HDTV) left investors with a visually-stunning chart for the week as well, rising almost a full 50% from Monday's open to its Friday closing price of $3.54. The company, a manufacturer of high-resolution liquid crystal on silicon (LCoS) display devices reported during the middle of the week that it has "significantly" increased the volumes of its shipments to major customers. The largest OEM customer, LG Electronics, is reported to be ordering significantly more volume through Spatialight, as are other large customers such as Thintek Optronics. With a trailing EPS of negative 39 cents per share, HDTV may finally be on the verge of becoming a prime time stock if it can reap sizable profits in the near future.
Big Losers
Shareholders of Consolidated Water Co. (CWCO) had a more gloomy viewing experience when looking at their stock's performance this week, however. CWCO, a bottled water processing and distribution company based in the Cayman Islands, saw its share price drop by over 13% this week. The downward momentum on the stock started early Monday morning, the market's pessimism for the stock bottoming-out during Thursday's session as the stock traded briefly under $24. This was quite the drop, considering the stock opened the week at over $28 per share. Don't let the drop in share price fool you, however -- the company is not exactly expected to dry up anytime soon. Demand for the company's product line has been increasing in recent quarters, and it appears that it may be poised for a period of strong growth. The market may have overreacted on this one, partially correcting the sell-off by Friday's session as the stock rose up almost 5% on the day to close above $24 again.
Marten Transport Ltd (MRTN) shifted down a few gears as well this week, the stock shedding over 22% off its closing price of $23.28 from last week to end up at $18.09. The specialized transport company reported an "unexpected" slowdown in customer demand for less-than-stellar operating conditions. The company's CEO stated that "some of our large retail customers have made significant inventory adjustments in the quarter, which have impacted our business levels." With fuel costs seemingly ever on the rise, investors may do well for themselves to steer clear of MRTN for the time being until demand visibility clears up.
LanOptics Ltd. (LNOP) was a pretty sight for its investor to see trading on the market this week, as shares of the network technology company soared a full 26% by Friday's close. The company, publicly traded on the Nasdaq for the last 10 years, has had a rather rocky ride in the market during its existence, repeatedly seeing its share price bounce up and down between levels above $20 and under $10. However, there was nothing uncertain about investor's sentiment for the stock at Thursday morning's open, the stock soaring up to open at an even $9.00 from its previous close of under $8. With a great head of steam built up by week's end, it will be interesting to see how this stock performs in the short-term going forward.
Spatialight Inc. (HDTV) left investors with a visually-stunning chart for the week as well, rising almost a full 50% from Monday's open to its Friday closing price of $3.54. The company, a manufacturer of high-resolution liquid crystal on silicon (LCoS) display devices reported during the middle of the week that it has "significantly" increased the volumes of its shipments to major customers. The largest OEM customer, LG Electronics, is reported to be ordering significantly more volume through Spatialight, as are other large customers such as Thintek Optronics. With a trailing EPS of negative 39 cents per share, HDTV may finally be on the verge of becoming a prime time stock if it can reap sizable profits in the near future.
Big Losers
Shareholders of Consolidated Water Co. (CWCO) had a more gloomy viewing experience when looking at their stock's performance this week, however. CWCO, a bottled water processing and distribution company based in the Cayman Islands, saw its share price drop by over 13% this week. The downward momentum on the stock started early Monday morning, the market's pessimism for the stock bottoming-out during Thursday's session as the stock traded briefly under $24. This was quite the drop, considering the stock opened the week at over $28 per share. Don't let the drop in share price fool you, however -- the company is not exactly expected to dry up anytime soon. Demand for the company's product line has been increasing in recent quarters, and it appears that it may be poised for a period of strong growth. The market may have overreacted on this one, partially correcting the sell-off by Friday's session as the stock rose up almost 5% on the day to close above $24 again.
Marten Transport Ltd (MRTN) shifted down a few gears as well this week, the stock shedding over 22% off its closing price of $23.28 from last week to end up at $18.09. The specialized transport company reported an "unexpected" slowdown in customer demand for less-than-stellar operating conditions. The company's CEO stated that "some of our large retail customers have made significant inventory adjustments in the quarter, which have impacted our business levels." With fuel costs seemingly ever on the rise, investors may do well for themselves to steer clear of MRTN for the time being until demand visibility clears up.
by
Chris Gallant
Chris Gallant is a contributor for Investopedia. Chris graduated from the University of Alberta School of Business with a major in finance. Prior to writing for Investopedia, Chris spent time working with the Alberta Ministry of Finance, taught Business classes at the undergraduate level and helped manage a charitable equity fund for the University of Alberta.
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