OTC Market Movers: April 19, 2012

April 19, 2012

On The Upside:

Shares of Shengtai Pharmaceutical, Inc. (OTCQB: SGTI.OB) continue move higher, up another 7.69% to $1.40 per share after the company’s chairman and CEO offered, through a non-binding proposal, to acquire all of the outstanding shares not already owned by him and his affiliates for $1.65 per share on Tuesday of this week.

Puget Sound Bank (OTCQB: PUGB.OB) reported first quarter profits increased 13%, return on equity increased 20% and earnings per share grew by 24% sending shares nearly 5% higher to $9.50.

On The Downside:

Detrex Corp. (OTCQX: DTRX.PK) reported it net income from continuing operations increased 15.8%, but it wasn’t enough for investors as they sent the shares down 6.38% to $22.00.


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