Small-Cap Stock on the Move: Imperial Sugar Company (IPSU) rocketing in Mid-Day Trading Today
Shares of Imperial Sugar Company (NASDAQ: IPSU), a processor and marketer of refined sugar in the North American Free Trade Agreement (NAFTA) region, are seeing a huge rally in today’s trading. At last check, the small-cap stock of Imperial Sugar was trading 58.93% higher at $5.34, with volume up from daily average of 380,480 to 4.18 million.
Imperial Sugar shares are soaring after the Sugar Land, Texas-based company reported its first-quarter financial results. The company reported a net loss of $3.5 million, or $0.29 per share for the quarter, down from a net loss of $8.9 million, or $0.75 per share reported for the same period in the previous year. The company’s net sales for the quarter were $227.7 million, slightly above the $227.4 million reported for the same period in the previous year.
The company’s revenue for the quarter was flat despite an 18% increase in prices. This was because the increase in sales prices was offset by a 16% drop in sales volumes.
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Posted by Terrel Sugar
on Thursday, February 9th, 2012. Filed under Breaking News, Internet.
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