New York, NY - March 19, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Friday March 16th. The Nasdaq Composite ended slightly lower and fell 1.11 (0.04%) at 3,055.26.
Cogo Group, Inc. (NASDAQ:COGO) was the biggest gainer on NASDAQ and surged $1.16 (59.79%) to close at $3.10 after the company's founder, CEO and Chairman proposed to buy 30% of its assets valued at between $60 million and $82 million through his personal investment venture, Envision Global Group. The company also reported fourth quarter non-GAAP EPS of $0.13, down from $0.24 in the previous year.
Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) climbed$3.46 (27.57%) to close at $16.01 after the company reported better-than-estimated fourth-quarter earnings.
J. Alexander's Corporation(NASDAQ:JAX) shares added 1.68 (24.35%) to close at $8.58 after the company said that it earned 6 cents a share in its fourth quarter, compared to 8 cents a share a year ago. For the current quarter, the company projects to earn 34-39 cents a share.
Amarin Corporation plc (ADR)(NASDAQ:AMRN) continued to move on Friday and gained 18.07%, extending its weekly gain to over 43%.Analyst at Canaccord Genuity maintained its buy rating on the stock with a price target of $25. Last week, the US Patent and Trademark Office updated the transaction history for the company's application on 12/052,598 from "Examiner Initiated" on Tuesday to "Examiner's Amendment Communication" this morning.
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