Long Island stocks on move
Traders this week. Credit: AP
Two Long Island companies whose stock moved significantly during the week ending Jan. 14, 2011.
API Technologies
(ATNY.OB)
Ronkonkoma
$6.10 (week's change: +47.0%)
52-week return: +5.9%
Shares surged after the defense contractor said it will merge with electronics maker SenDEC. API, which trades on the OTC Bulletin Board, will seek a listing on Nasdaq when the deal closes.
Standard Microsystems
(SMSC)
Hauppauge
$25.56 (week's change: -14.1%)
52-week return: +14.7%
Despite record quarterly sales, the chip maker had its worst week in two years after posting a $4.6 million loss and forecasting current-quarter profit below analysts' estimates.
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