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Roth Capital Reiterates Neptune Buy

|Includes: Neptune Technologies & Bioresources Inc (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