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Market News: Bovie Medical Corporation (NYSEMKT:BVX); Avnet, Inc. (NYSE:AVT) And Wayside Technology Group, Inc. (NASDAQ:WSTG)

Boston, MA 03/26/2014 (wallstreetpr) – Bovie Medical Corporation (NYSEMKT:BVX), which is a manufacturer as well as a marketer of electrosurgical products, soared by nearly 15% on Tuesday. It has recently announced the date of issuing its financial results and other corporate developments. The company has planned the release of fourth quarter and full year 2013 results on Monday, March 31, 2014. Recently, the company has also filed an 8-K filing, wherein, it has mentioned to have entered into a definitive material agreement with Bank of Tampa, the Lender, which has extended a mortgage loan of $3,592,000 in principal to the company. The loan is secured through the mortgage and security interest in Bovie Medical’s Florida facility along with the assignment of its accounts receivable. Moreover, Bovie Medical Corporation (NYSEMKT:BVX) has also pledged a certificate of deposit amounting $898,000 as an additional collateral.

Avnet, Inc. (NYSE:AVT) announced last week that it has been named as the “World’s Most Ethical Company” by the Ethisphere Institute, for the year 2014. The year will be the first one for the company to receive such recognition. The award aims to recognize those organizations that have been in a continuous endeavor to raise their level of ethical leadership and corporate behavior. Other positive news related to the company is the Las Vegas move to allow pot dispensaries in the area. It is to be noted that Avnet, Inc. (NYSE:AVT) has lately developed a keen interest in this situation.

Wayside Technology Group, Inc. (NASDAQ:WSTG) announced the appointment of its new Executive Vice President, Bill Botti, who will take-over the role with effect from April 21, 2014. Botti, who is having over 30 years of rich industry experience comes from Veeam Software, where he was at the position of Vice President for North American Sales. Wayside Technology Group, Inc. (NASDAQ:WSTG) is a united international technology channel that is engaged into marketing software, either directly or through resellers.

Published by Alan Masterson

Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk. In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs. You may contact Alan via his email ([email protected]) or his Google+ page (https://plus.google.com/103338576216002376250).

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