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Dave Burwell is a Vice President with The Howard Group, providing Corporate Communication and Capital Market services for micro & small-cap companies. Established in 1988, The Howard Group is a Corporate Communication and Capital Markets firm. We look at a lot of micro and small-cap companies... More
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  • Roth Capital Reiterates Neptune Buy  0 comments
    Aug 17, 2011 12:12 PM | about stocks: NEPT

    The Roth Capital update was prompted by a "rogue" Q1/F12 revenue consensus that appeared on an Internet site that called for $16.7 million in sales versus the $4.3 million that was reported.


    Following the release of the first quarter numbers, the stock quickly dropped about 13% to the $3.80 range on large volume as it appeared NTB had missed revenue targets by a mile. However, the unexplained Internet site revenue consensus was wildly off the mark, which was unfortunate for those folks who follow the site and sold their stock!


    Reality is that Neptune's $4.3 million in quarterly sales slightly exceeded Roth's call of $4.2 million. The U.S. investment firm reiterated it's $9 target.


    Today's activity graphically illustrates the speed at which information moves through the online world and how quickly investors react; even to wrong information.


    As of this writing, the stock had climbed back over $4 on both sides of the border.


    To read Roth's update, click here
    Stocks: NEPT
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