On another down day for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) there are few stocks appreciating compared to the majority falling. However the following four businesses are all up today, so it's worth assessing what might be behind their strong perfomances.
Ainsworth Game Technology Limited (ASX: AGI) is up 1.1% to $2.82 today although it remains down 20% over the past year as investors react to flat revenues for the full year ending June 30, 2015. The group is forecasting a return to revenue and profit growth this year and investors may be betting on a return to form for the pokie machine manufacturer.
Dick Smith Holdings Ltd (ASX: DSH) is another business that disappointed the market after revealing very modest same store sales growth for the financial year ending June 30, 2015. The business lost around 28% of its value after the full year result and today's 1.8% lift in the stock is likely the result of bargain hunters shopping for a potentially over-sold stock.
Freelancer Ltd (ASX: FLN) is an online jobs marketplace posting strong revenue and user growth that has lifted 8.7% to $1.37 in trade today. The business recently raised capital at $1.40 per share to fund growth and lifted net revenues 41% to $16.8 million for the six months ending June 30 2015. The group posted a $1 million loss in operating earnings for the same period and has a fruity tech stock valuation around $569 million.
Metcash Limited (ASX: MTS) is the downtrodden operator of the IGA convenience stores that has lost 62% of its market value over the past year. Losing market share and with costs rising faster than revenues the business was recently forced to scrap its dividend and despite today's 2% lift to $1.09 it looks a business to avoid.
