NASDAQ Stocks In News (BNHN, CXPO, BAMM, NGSX, FSS)
Benihana Inc. (NASDAQ:BNHN) Shares are trading higher by 5% to $12.45 after hitting 52-week high of $12.77 on news that the company is considering strategic alternatives available to the Company, including a possible sale, in order to maximize shareholder value.
Crimson Exploration Inc. (NASDAQ:CXPO) shares slid over 6% after the company said that its fourth-quarter net loss declined to $5.0 million, or $0.11 per basic share, from a year ago net loss of $20.9 million, or $0.50 a share. Revenues during period were almost flat at $27.7 million. Analysts were estimating the company to report a loss of 4 cents a share on revenue of $25.97 million for the quarter.
Books-A-Million, Inc. (NASDAQ:BAMM) shares also soared 12% to $3.53 after the company said that it earned 48 cents a share on revenue of $166.9 million in its fourth quarter, ahead of analysts’ estimates of a profit of 43 cents a share on revenue of $150.8 million.
NeurogesX, Inc (NASDAQ:NGSX) started gaining momentum in the afternoon session and stock climbed about 25% in a minute. Today, analyst at Wedbush upgraded the stock to Outperform from Neutral and set a price target of $2.The firm said, “We believe that there is little downside for NGSX shares at current levels given the recently announced restructuring, current cash and renewed focus on NGX-1998. NGX-1998, a liquid topical formulation prescription strength capsaicin product, offers several benefits over QUTENZA and as a follow-on product has a high chance of clinical and regulatory success.”
Federal Signal Corporation (NYSE:FSS) climbed 23.80% to $5.67 after the company reported higher than estimated revenue driven by 62% jump in its largest environmental solutions business. The company said that net loss from continuing operations declined to $16.8 million, or 27 cents a share, from a year ago loss of $158.4 million, or $2.55 a share,.
The company said that Backlog at the end of the year was up about 96 percent at $426 million, from a year ago. Backlog at the environmental solutions business doubled. Revenue during the fourth quarter surged 20% to t to $223.3 million, ahead of analysts’ expectations of $202.2 million.
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