Dallas, TX 11/14/2009 12:14:12 AM
News / Business

ESE, CADX, HLX are Biggest Small Cap Stocks Losers

Small Cap Stocks Losers

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ESCO Technologies Inc. (NYSE:ESE) decreases 12.90% to $32.54 after Brean Murray gave the Scientific & Technical Instruments industry some bad news as it announced that the company was downgraded from Buy to Hold. ESCO Technologies Inc. is a producer of engineered products and systems sold to customers, primarily for utility, industrial and commercial applications.

 

Cadence Pharmaceuticals, Inc. (NASDAQ:CADX) went down 7.85% to $8.80 after the company announced that the U.S. Food and Drug Administration has extended the Prescription Drug User Fee Act goal date for its Priority Review of the New Drug Application for intravenous acetaminophen by three months. The extended PDUFA goal date is February 12, 2010. The FDA designated one of Cadence's submissions to the NDA, which contained additional clinical pharmacology data requested by the agency during the review process, as a major amendment.

 

Helix Energy Solutions Group Inc. (NYSE:HLX) plunges 4.68% to $13.44. The stock hit an intraday high and an intraday low of $14.13 and $13.24 respectively. In the last six months the stock went up over 42%. Helix Energy Solutions Group, Inc. is an international offshore energy company providing reservoir development solutions and other contracting services to the energy market, as well as to other oil and gas properties.

 

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