New York, NY – March 22, 2012 – www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Wednesday March 21st. The Nasdaq Composite ended slightly higher at 3,075.32.
On Assignment, Inc. (NASDAQ: ASGN) closed at $17.32 after surging 26.61% in the previous trading session after the company announced that it has signed a definitive agreement to acquire Apex Systems Inc. The acquisition is expected to significantly boost the company’s earnings per share, on both a GAAP and cash EPS basis, in 2012 and moving forward. On a pro forma basis, 2011 revenue of the combined entity was $1.3 billion.
Origin Agritech Ltd. (NASDAQ: SEED) shares gained 22.62% to close at $3.09 on high volume after analyst at Monness, Crespi, Hardt & Co. said the company is near to becoming the first to win approval to sell genetically modified seeds in China.
Powerwave Technologies, Inc. (NASDAQ: PWAV) shares moved up over 22% to close at $2.27. The stock has bounced back about 100% from its current year low of $1.13 in Mid February.
Synacor Inc (NASDAQ: SYNC) closed at $7.05 in the last trading session. On March 12, 2012, the company reported fourth-quarter net income of $1.0 million or $0.34 per share, as compared to a net loss of $0.4 million or $0.19 per share last year. Revenue increased 59% to $28.9 million from $18.2 million in the same period last year.
Looking forward to the first quarter of fiscal 2012, the company projected revenues in the range of $29.0 million to $29.5 million. For the complete fiscal 2012, it forecasts revenues of $121.0 million-$124.0 million.
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