TechMARK movers: DRS continues post-results rise

26th Mar 2010 15:05

DRS Data & Research is continuing its rise following the news of its reduced loss earlier in the week. The optical character recognition services supplier reduced its annualised costs by £1.5m and that helped to cut the loss from £2.55m to £915,000. The share price has risen by nearly one-quarter since the results were announced. A downgrade by UBS has hit the share price of aerospace and defence company QinetiQ. The broker has cut its recommendation from neutral to sell. UBS reckons that expectations are too high and there is a possibility of a cash call. The target price has been reduced from 15p a share to 130p a share. FTSE TechMARK - RisersKofax (KFX) 222.00p +4.23%Alterian (ALN) 152.00p +3.75%DRS Data (DRS) 15.50p +3.23%Phoenix IT Group (PNX) 268.00p +2.68%Phytopharm (PYM) 11.00p +2.33%Ark Therapeutics (AKT) 11.75p +2.17%Vislink (VLK) 24.25p +2.11%Sepura (SEPU) 46.00p +1.66%Antisoma (ASM) 32.00p +1.59%Asterand (ATD) 18.00p +1.41%FTSE TechMARK - FallersQinetiQ Group (QQ.) 135.20p -4.45%Vernalis (VER) 60.00p -3.61%Parity Group (PTY) 9.50p -2.63%Puricore (PURI) 11.00p -2.22%AEA Technology (AAT) 22.00p -2.22%Innovation Group (TIG) 12.00p -2.04%Oxford Biomedica (OXB) 9.80p -2.00%Renovo Group (RNVO) 25.50p -1.92%CML Microsystems (CML) 55.00p -1.79%Imagination Technologies (IMG) 238.40p -1.73%