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Mid-Day Alerts for September 12: Powerwave Technologies Inc. (PWAV), Mediware Info Systems (MEDW), Liquidity Services Inc. (LQDT)

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Shares of Powerwave Technologies Inc. (NASDAQ: PWAV), a global supplier of end-to-end wireless solutions for wireless communications networks, are seeing a huge rally in today’s trading.

At last check, the penny stock of PWAV was trading 69.83% higher at $0.649, with volume up from daily average of 405,116 to 2.78 million. The stock touched an intra-day high of $0.69 in today’s trading.

PWAV shares are soaring in today’s trading after the company announced that it signed a new $50 million senior secured credit agreement with P-Wave Holdings, LLC, which is an affiliate of The Gores Group. As per the terms of the credit agreement, the lenders advanced $35 million to PWAV, less fees and expenses. The company will receive an additional $15 million subject to fulfillment of certain conditions.

Shares of Mediware Info. Systems (NASDAQ: MEDW), a software and programming company engaged in licensing, implementation and support of clinical and performance management information solutions and other services to healthcare facilities, are soaring in today’s trading.

At last check, the small cap stock of MEDW was trading 38.79% higher at $21.86, with volume up from daily average of 12,558 to 1.29 million. The stock touched a 52-week high of $21.92 in today’s trading.

MEDW shares are soaring in today’s trading after the company agreed to be acquired by Thoma Bravo LLC, a leading private equity firm. MEDW and Thoma Bravo signed a definitive agreement under which the private equity firm will acquire MEDW for $22 per share in an all cash transaction. The offer represents a 40% over MEDW’s closing price on Tuesday.

Mediware CEP Thomas Mann said that the company has sustained consistent revenue and earnings growth over the past five years by focusing on effectively expanding its product portfolios to new areas of care. Mann said that the acquisition by Thoma Bravo recognizes this performance and validates the company’s belief that it is positioned for continues growth and profitability in the future.

Shares of Liquidty Services Inc. (NASDAQ: LQDT), an auction marketplace for surplus and salvage assets, are sinking in today’s trading.

At last check, LQDT shares were trading 10.57% lower at $49.26, with volume up from daily average of 770,249 to 1.93 million. The stock touched an intra-day low of $48.81 in today’s trading.

LQDT shares are sinking after Stifel Nicolaus analysts lowered their price target on the stock. The analysts slashed LQDT’s price target from $72 to $66. Stifel Nicolaus has a Buy rating on the stock.

LQDT shares have gained more than 33% this year, outperforming the S&P 500.

Posted by on Wednesday, September 12th, 2012. Filed under Breaking News, Internet. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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