Small Cap News Movers for 11/19/09

Stein Mart, Inc. (NASDAQ: SMRT) today announced financial results for its third quarter and first nine months ended October 31, 2009. For the third quarter of 2009, the Company’s net earnings were $3.2 million or $0.07 per diluted share as compared to a net loss of $(14.1) million or $(0.34) per diluted share in 2008. Net sales decreased 9.6 percent to $270.2 million for the third quarter of 2009 from $298.8 million for the third quarter of 2008. Comparable store sales for the third quarter of 2009 decreased 6.2 percent from the same period a year ago. The stock closed at $11.26, up 10.18%, on 604,287 traded shares.

American Lorain Corporation (NYSE AMEX: ALN), today announced that company management reaffirms guidance for the current fiscal year ending December 31, 2009, and issues new guidance for the next fiscal year ending December 31, 2010. Mr. Si Chen, Chairman and Chief Executive Officer of American Lorain Corporation, stated: “We reaffirm guidance previously provided in our November 13, 2009, third-quarter earnings conference call and expect total sales revenue between $146 million and $148 million for the fiscal year ending December 31, 2009. The stock closed at $2.98, up 17.33%, on 255,548 traded shares.

Digital Power Corporation (NYSE AMEX: DPW) announced that its wholly-owned Salisbury, UK subsidiary, Digital Power Limited (DPL), has been awarded a major contract for the Australian Navy. DPL operates under the name Gresham Power Electronics (Gresham). Gresham has been selected to supply helicopter starting rectifiers and DC power distribution systems for the new Air Warfare Destroyer (AWD), which will be built by Australia’s largest specialized defense shipbuilding organization. The stock closed at $1.45, up 15.08%, on 44,898 traded shares.

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