Today, The Bowser Report issued a daily mover alert on
Direct Insite (DIRI) and SPAR Group (SGRP), both of which rose more than 10%
today, as well as ADDvantage Technologies (AEY) and FitLife Brands (FTLF),
which were each down over 10% today.
DIRI rose on big volume today after sliding quite a bit over
the past month or so. The company began descending after it announced the
departure of one of its larger clients at the end of February 2016.
For now, the company’s financials have continued to improve,
leading to DIRI’s position in Category 2. However, because the aforementioned
client comprises about 15% of revenues, that could change.
Follow the Game Plan with DIRI and don’t open any new
positions until we see the full affect of this client’s departure.
SGRP was up slightly over 10% on VERY LIGHT volume, trading
less than 1/10 its three month average in shares. Therefore, with no news, we
are chalking this move up to volatility.
Currently, SGRP is in Category 3 with a Bowser Rating of 7.
Because of this low rating, do not initiate any new positions. For those with
holdings, follow the Game Plan.
AEY fell due to poor financial results, which the company
reported before the market opened this morning. The results included a 21%
decrease in quarterly revenues and a 66% decrease in net income.
These results will cause the company’s Bowser Rating to
fall, pulling it out of Category 1. We haven’t completed the rating yet, so we
don’t know exactly where it will end up category wise.
Management has forecasted a slower 1Q 2016 due to the same
industry slow down that affected the company’s 4Q results. So, for now, no new
positions in AEY and monitor your current positions closely with the Game Plan
in mind.
On average volume, FTLF closed down considerably today. The
company traded from $1.65 to $1.40, showing a huge daily price range. As a
result, this move appears to be nothing more than regular volatility despite
the average number of shares traded.
FTLF is currently in Category 3 with a Bowser Rating of 7.
As a result, avoid new positions, and follow the Game Plan for current
positions.
To learn more about The Bowser Report, visit
https://thebowserreport.com
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