EdgeWater 2/8/2011 12:28:40 PM
News / Business

Morning Gap Down Stocks (ANW, AFOP, ISIL, NEWP)

Morning Gap Down Stocks

Aegean Marine Petroleum Network Inc (NYSE:ANW) is one of the top losers. The stock slipped to 19.27% to $8.76 on a traded volume of 1.91 million shares after the Company announced preliminary results for fourth quarter 2010. The Company expects to report a net loss between $12.0 million and $13.0 million, or between $0.26 and $0.28 per share for the fourth quarter of 2010.

Alliance Fiber Optic Products Inc (NASDAQ:AFOP) one of the top losers declined 21.6% to $15.28 after the Company reported fourth quarter 2010 results. Revenues increased 55% to $11,638,000 in the fourth quarter of 2010. Net income was $1,701,000 or $0.20 per share compared to $428,000, or $0.05 per share based in the fourth quarter of 2009.

Intersil Corporation (NASDAQ:ISIL) is down 11.21% to $13.30 after Deutsche Bank maintained buy rating for the stock and the price target is set at $17 in a research report.

Schweitzer-Mauduit International Inc (NYSE:SWM) slipped 8.42% to $55.0 after Oppenheimer maintained perform rating for the stock in a research report.

Article published by Wall Street Grand. Visit the Wall Street Grand Club today.

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