With all three major indexes down more than 1% in the noon hour on Monday as the situation in Ukraine continues to shift, there have been a few gainers in the market, even though none is exactly a household name.
xG Technologies Inc. (NASDAQ: XGTI) was up 53% to $1.99 on the announcement that the company has been awarded a patent for a technology that enables high-performance spectrum sharing. The technology allows base stations to coordinate their measurements of spectrum usage and jointly determine optimum channels to use for communications. The patent protects xG’s ability to deliver high-performance mobile cognitive radio systems that can operate in challenging and crowded frequencies. The stock's 52-week range is $0.21 to $9.50, and more than 7 million shares have traded Monday, more than 20-times the daily average of around 300,000.
Beijing-based Vimicro International Corp. (NASDAQ: VIMC) was up about 33% after the company raised its guidance for the fourth quarter of 2013 and the first quarter of 2014. The company is a fabless designer and marketer of mixed-signal processors and other products for the consumer, communications and surveillance markets in China and Hong Kong. Shares trade at around $4.00 in a 52-week range of $1.10 to $4.64, and that high was set earlier today. About 1.4 million shares had traded hands, more than 10 times the daily average of around 100,000.
VirtualScopics Inc. (NASDAQ: VSCP) provides imaging services on a contract basis for the pharmaceutical, biotech and medical device industries. Shares were up more than 20%, at $3.70 in a 52-week range of $2.93 to $7.50. Only 10,000 shares had traded hands, against a daily average of just 14,000. The company had no news Monday.
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