Key Takeaways:
Huadi International reported its revenue rose 18% in its latest fiscal year, but its profit dropped 24% on high shipping and IPO-related costs
Company’s shares were largely unchanged after results announcement, but have rallied sharply since last October on what looks like speculative trading
By Doug Young
Gainers
Splash Beverage Group, Inc. (NYSE: SBEV) shares jumped 70.6% to close at $1.80 on Tuesday after the company announced it received authorization to sell its TapouT performance drink in Walmart stores across Florida metropolitan areas.
Gainers
TSR, Inc. (NASDAQ: TSRI) shares climbed 36.6% to $12.21 following Q2 results. The company reported Q2 revenue of $23.9 million, versus $16.1 million year over year.
Following the market opening Tuesday, the Dow traded down 0.82% to 35,771.77 while the NASDAQ fell 0.39% to 14,885.05. The S&P also fell, dropping, 0.63% to 4,640.85.
Gainers
Red Cat Holdings, Inc. (NASDAQ: RCAT) shares surged 31.7% to $2.41 after the company announced it was awarded a multiple award blanket purchase agreement by the United States Customs and Border Protection worth up to $90 million over five years.
Gainers
Nxt-ID, Inc. (NASDAQ: NXTD) shares gained 28.9% to $3.21 after the company said it was awarded U.S. General Services Administration contract to distribute personal emergency response systems to Federal, State and Local government purchasers.