PFIN surges, LVLT trades widely, SRDX bruised

P & F Industries Inc. (NasdaqGM: PFIN) sprinted ahead in mid-morning trade Thursday by 38.12 percent to $2.79. Volume in this stock was40,315 shares, greater than six times the number it would normally have in a whole day. Wednesday, the Melville, N.Y. company reported revenue of $14,267,000, compared to $13,144,000 for the same period in 2009. For the three-month period ended September 30, 2010, the Company reported income after taxes from continuing operations of $632,000, compared to $56,000 during the three-month period ended September 30, 2009.

Level 3 Communications Inc. (NasdaqGS: LVLT) did brisk trade of 49,621,850 shares as the clock approached noon ET on Thursday, in contrast with full-day average volume of 29,166,400 shares. Shares in LVLT hiked 12.62 percent to $1.16. The activity follows an announcement by LVLT that it has been selected to serve as a primary content delivery network provider for Netflix, Inc. to support the company’s streaming functionality and to support storage for the entire Netflix library of content.

SurModics Inc. (NasdaqGS: SRDX) took a pasting on price Thursday near noon ET, falling 27.23 percent to $9.54. Volume for the stock was 777,146 shares, trampling over its usual daily average volume of 63,936. The Minnesota-based drug delivery company reported a loss of $21.7 million, or $1.25 per share, for the quarter ended Sept. 30, versus a profit of $2.7 million, or 16 cents per share, for the same period in 2009.

Tags: LVLT, nasdaq, PFIN, pharmaceutical stocks, SRDX, Technology Stocks

This entry was posted on Thursday, November 11th, 2010 at 12:22 pm by Glenn and is filed under Industrial Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.