3 Microcap Penny Stocks to Watch: Cerus Co. (NASDAQ: CERS), Conmed Healthcare Management, Inc. (NASDAQ: CONM), Local.com Corp. (NASDAQ: LOCM); all upgraded or initiated coverage recently from Wall Street analysts and all considered good stocks to buy under 5:
Cerus Co. (NASDAQ: CERS)
MicroCap CERS, develops and commercializes novel, proprietary products and technologies that are intended to make the blood supply safer, was upgraded by analysts at Robert W. Baird on February 29th from a “neutral” rating to an “outperform” rating.
CERS closed at 3.61 on Monday, up +0.04 (1.12%), on volume of 677,251. CERS is trading at:
- 12.23% above its 50-Day Moving Average (3.22)
- 32.25% above its 200-Day Moving Average (2.73)
- near the high of its 52-Week Range (1.92 – 4.09)
- with a Short Ratio of 17.00
- with a current Market Cap of 173.64M
Robert W. Baird now have a $6.00 price target on CERS, up previously from $3.00. CERS had not been covered by analysts since Wedbush initiated coverage on CERS with an “outperform” rating in June, 2011.
Conmed Healthcare Management, Inc. (NASDAQ: CONM)
MicroCap CONM, providers of correctional healthcare services to county and municipal detention centers in the United States, was upgraded by analysts at TheStreet to a “buy” rating.
CONM closed at 3.55 Monday, down -0.10 (-2.74%), on volume of 9,622. CONM is trading at:
- 12.46% above its 50-Day Moving Average (3.16)
- 7.81% above its 200-Day Moving Average (3.29)
- near the high of its 52-Week Range (2.51 – 3.97)
- with a Short Ratio of 0.10
- with a Market Cap of 46.62M
CONM had not been covered by analysts since Maxim Group initiated coverage on the stock in April, 2010 with a “buy” rating.
New Coverage
Local.com Corp. (NASDAQ: LOCM)
MicroCap LOCM, operating as a local media company that specializes in connecting brick-and-mortar businesses with online customers using various digital marketing products, including local rich media, local business and product search, mobile, SEO, Web hosting, social media, and daily deals, is now covered by analysts at Ladenburg Thalmann.
LOCM closed at 2.66 on Monday, up +0.07 (+2.70%), on volume of 362,739. LOCM is trading at:
- 0.41% above its 50-Day Moving Average (2.65)
- 5.83% above its 200-Day Moving Average (2.51)
- on the lower side of its 52-Week Range (1.99 – 5.30)
- with a Short Ratio of 13.60
- with a Market Cap of 58.74M
LOCM had not been covered by analysts since Canaccord Adams upgraded LOCM from a “hold” rating to a “buy” rating in July, 2009. Ladenburg Thalmann set a “buy” rating on LOCM.
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