New York, NY – April 5, 2012 – www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Wednesday April 04th. The Nasdaq Composite ended lower by 45.48 (-1.46%) to close at 3,068.09.
Cleantech Solutions International Inc. (NASDAQ:CLNT) shares soared 157.82% and closed at $5.67. The stock is on the run in today’s morning trading, up another 50%. The Company manufactures metal components and assemblies, primarily used in the wind power, solar and other clean technology industries.
On March29, 2012, the company had reported a sharp decline in fourth quarter profit as revenues decreased 38.9%. The company posted a fourth quarter net profit of$0.79 million or $0.39 per share, as compared to $3.13 million or $1.69 per share last year. Total revenue dropped 38.89% to $13.7 million from $22.5 million last year.
SmartHeat Inc (NASDAQ:HEAT) shares climbed 46.29% and closed at $7 without any news. Later on, company said that it didn’t find any reason for an unusual rise in its share price.
Earlier this week, the company had reported a fourth-quarter loss primarily due to write-downs in two recently acquired businesses. The company posted a fourth-quarter loss of $9.6 million, which included $9 million in write-downs. Revenue declined to $33.7 million in the latest quarter as China’s fiscal tightening measures pressured the company’s top line.
Magal Security Systems Ltd. ( USA) (NASDAQ:MAGS) shares gained 19.08% and closed at $5.43. The company also touched its 52 week high at $6.46 yesterday after the company reported fourth quarter profit as compared to a loss in the year ago period, as revenues more than doubled.
The company reported a fourth-quarter net profit of $4.26 million or $0.27 per share, as compared to a net loss of $1.48 million or $0.14 per share last year. Total revenues for the quarter surged 122.9% to $33.73 million from $15.13 million in the prior-year quarter.
PMC-Sierra, Inc. (NASDAQ:PMCS) shares jumped 8.46% and closed at $7.69 after Reuters reported that the company has held talks with potential buyers. Goldman Sachs is advising PMC on its strategic options, which could include a sale. In January, investor Ralph Whitworth, founder of Relational Investors, disclosed in a filing with regulators that the firm had bought a 7.17% stake in PMC.
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