---
title: "Research Coverage"
url: https://duttonassociates.com/research/
description: "The Dutton Associates coverage register: rated small cap companies grouped by industry sector with rating, price target and covering analyst."
---

# Research Coverage

Rated coverage as of 12/23/2005. Each row carries the rating, the twelve-month price target, the price at the time the rating was established and the covering analyst.

## Automotive

*Companies rated in Automotive*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| SAUP SORL Auto Parts | $5.05 | Speculative Buy | $6.50 | 12/23/2005 | Sean Yu |

## Banks, Financial Services & Insurance

*Companies rated in Banks, Financial Services & Insurance*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| TCHC 21st Century Holding Co | $17.09 | Strong Buy | $20.00 | 07/28/2004 | Richard W. West, CFA |
| TMFZ [TMSF Holdings, Inc.](https://duttonassociates.com/research/TMFZ/) | $2.69 | Strong Buy | $3.70 | 05/26/2005 | Richard W. West, CFA |
| PLCC Paulson Capital Corp | $11.91 | Strong Spec. Buy | $16.25 | 10/21/2005 | Richard W. West, CFA |

## Business & Support Services

*Companies rated in Business & Support Services*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| FSVP FIND/SVP Inc | $1.27 | Strong Buy | $2.40 | 11/21/2005 | David Riedel |
| GFX Media Sciences International, Inc | $2.47 | Buy | $3.00 | 04/28/2004 | David Riedel |
| PFSW PFSweb Inc | $1.30 | Speculative Buy | $3.00 | 02/28/2005 | David P. Soetebier, CFA |
| EASYE EasyLink Services Corporation | $0.92 | Neutral | - - - | 08/23/2005 | Paul J. Resnik, CFA |
| WHAIE World Health Alternatives, Inc. | $0.04 | Neutral | - - - | 08/26/2005 | David Riedel |

## Chemicals

*Companies rated in Chemicals*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| LSCO [LESCO, Inc.](https://duttonassociates.com/research/LSCO/) | $15.40 | Buy | $18.00 | 01/07/2005 | Paul J. Resnik, CFA |
| CESV China Energy Savings Technology, Inc | $8.63 | Strong Spec. Buy | $13.75 | 10/11/2005 | Richard W. West, CFA |

## Computers, Technology & Internet

*Companies rated in Computers, Technology & Internet*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| AMSWA American Software Inc | $6.40 | Strong Buy | $8.00 | 01/03/2005 | David P. Soetebier, CFA |
| FORG Forgent Networks, Inc. | $2.10 | Strong Buy | $5.00 | 12/21/2004 | Richard W. West, CFA |
| IGLD Internet Gold-Golden Lines Ltd | $5.43 | Strong Buy | $9.50 | 09/25/2005 | Rafael K. Kapelinski |
| OTIV On Track Innovations Ltd. | $13.75 | Strong Buy | $18.00 | 06/02/2005 | Rafael K. Kapelinski |
| PPDA Pipeline Data Inc. | $1.10 | Strong Buy | $2.00 | 01/25/2005 | David Riedel |
| EWEB Euroweb International Corp. | $3.73 | Buy | $5.00 | 07/14/2005 | Rafael K. Kapelinski |
| VISRF Visiphor Corporation | $0.30 | Buy | $1.00 | 07/07/2005 | Rafael K. Kapelinski |
| VERT Verticalnet Inc. | $0.62 | Strong Spec. Buy | $1.80 | 09/27/2005 | David Riedel |
| WAVX Wave Systems Corp. | $0.69 | Strong Spec. Buy | $2.00 | 05/17/2005 | David P. Soetebier, CFA |
| XAR XAAR Plc | $4.81 | Neutral | $5.28 | 10/07/2005 | Rafael K. Kapelinski |

## Consumer & Retail Products

*Companies rated in Consumer & Retail Products*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| SMF Smart & Final | $13.64 | Buy | $15.00 | 07/15/2004 | Jonathan H. Ziegler, CFA |
| GFME George Foreman Enterprises Inc. | $4.81 | Strong Spec. Buy | $6.00 | 12/13/2005 | Gerald F. LaKarnafeaux, CFA |
| JADE LJ International Inc. | $3.36 | Strong Spec. Buy | $4.80 | 09/16/2005 | Sally H. Wallick, CFA |
| PTMK [Pathmark Stores, Inc.](https://duttonassociates.com/research/PTMK/) | $10.25 | Speculative Buy | $14.00 | 09/20/2004 | Jonathan H. Ziegler, CFA |
| CYAN Cyanotech Corporation | $0.58 | Neutral | $1.60 | 12/22/2004 | Jonathan H. Ziegler, CFA |

## Electronics & Engineering

*Companies rated in Electronics & Engineering*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| AMPX Ampex Corporation | $21.70 | Strong Buy | $50.00 | 01/19/2005 | Richard W. West, CFA |
| ELRN Elron Electronic Industries LTD. | $11.16 | Strong Buy | $15.00 | 09/08/2005 | Barry Raeburn |
| LTRX Lantronix, Inc. | $1.63 | Strong Spec. Buy | $2.00 | 10/31/2005 | David P. Soetebier, CFA |
| TERA TeraForce Technology Corporation | - - - | Sell | - - - | 07/12/2005 | David P. Soetebier, CFA |

## Food Manufacturing & Products

*Companies rated in Food Manufacturing & Products*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| NTRZ NutraCea | $0.78 | Strong Buy | $1.80 | 12/07/2005 | Gerald F. LaKarnafeaux, CFA |
| VSF [Vita Food Products, Inc.](https://duttonassociates.com/research/VSF/) | $1.83 | Speculative Buy | $3.00 | 08/04/2005 | Gerald F. LaKarnafeaux, CFA |

## Healthcare, Biotechnology & Pharmaceutical

*Companies rated in Healthcare, Biotechnology & Pharmaceutical*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| ACDI Arcadia Resources, Inc. | $2.65 | Strong Buy | $3.50 | 02/16/2005 | David Riedel |
| NXXI Nutrition 21 Inc | $0.64 | Strong Buy | $1.70 | 05/10/2005 | William R. Prather, RPh, MD |
| TRIB [Trinity Biotech plc](https://duttonassociates.com/research/TRIB/) | $8.09 | Strong Buy | $12.00 | 09/07/2005 | Stephen L. Handley |
| APPA [A.P. Pharma, Inc.](https://duttonassociates.com/research/APPA/) | $1.45 | Strong Spec. Buy | $3.00 | 11/04/2005 | Stephen L. Handley |
| ASTM [Aastrom Biosciences, Inc.](https://duttonassociates.com/research/ASTM/) | $2.29 | Strong Spec. Buy | $2.50 | 04/10/2003 | William R. Prather, RPh, MD |
| ABOS Arbios Systems, Inc. | $1.84 | Strong Spec. Buy | $9.90 | 01/24/2005 | Bal Bagwat, MD, CFA |
| BSMD Biosphere Medical Inc | $7.71 | Strong Spec. Buy | $9.00 | 07/07/2005 | Stephen L. Handley |
| NEOP Neoprobe Corporation | $0.28 | Strong Spec. Buy | $1.00 | 09/07/2005 | William R. Prather, RPh, MD |
| NTII [Neurobiological Technologies, Inc.](https://duttonassociates.com/research/NTII/) | $3.55 | Strong Spec. Buy | $8.00 | 11/03/2004 | William R. Prather, RPh, MD |
| NYMX [Nymox Pharmaceutical Corporation](https://duttonassociates.com/research/NYMX/) | $2.10 | Strong Spec. Buy | $6.25 | 11/17/2005 | William R. Prather, RPh, MD |
| PARS [Pharmos Corporation](https://duttonassociates.com/research/PARS/) | $2.02 | Strong Spec. Buy | $3.75 | 11/03/2005 | William R. Prather, RPh, MD |
| ALRX AlphaRx | $0.07 | Speculative Buy | $0.25 | 11/03/2004 | Stephen L. Handley |
| AMRN [Amarin Corporation plc](https://duttonassociates.com/research/AMRN/) | $1.10 | Speculative Buy | $4.50 | 09/22/2003 | Ted Gomoll, CFA |
| AVII AVI Biopharma Inc. | $3.61 | Speculative Buy | $5.00 | 11/16/2005 | Stephen L. Handley |
| BPA BioSante Pharmaceuticals, Inc. | $3.70 | Speculative Buy | $10.00 | 06/16/2003 | Stephen L. Handley |
| CLGY Cellegy Pharmaceuticals Inc | $0.81 | Speculative Buy | $2.00 | 05/13/2005 | Bal Bagwat, MD, CFA |
| CHKT Chemokine Therapeutics Corporation | $1.14 | Speculative Buy | $1.75 | 10/17/2005 | William R. Prather, RPh, MD |
| CLRI Clearant, Inc. | $2.30 | Speculative Buy | $5.50 | 08/05/2005 | Sally H. Wallick, CFA |
| CYGX [CytoGenix, Inc.](https://duttonassociates.com/research/CYGX/) | $0.84 | Speculative Buy | $0.90 | 07/17/2002 | William R. Prather, RPh, MD |
| VSGN Vasogen Inc. | $1.92 | Speculative Buy | $10.00 | 11/15/2004 | William R. Prather, RPh, MD |
| APNS Applied NeuroSolutions Inc | $0.34 | Neutral | - - - | 06/28/2005 | Ted Gomoll, CFA |
| DRAX Draxis Health Inc | $4.35 | Neutral | - - - | 12/12/2005 | William R. Prather, RPh, MD |
| INMD [IntegraMed America Inc](https://duttonassociates.com/research/INMD/) | $13.69 | Neutral | $10.50 | 08/26/2005 | David Riedel |
| MRY Memry Corporation | $1.88 | Neutral | - - - | 12/07/2005 | William R. Prather, RPh, MD |
| MCET MultiCell Technologies, Inc | $0.65 | Neutral | - - - | 09/16/2005 | William R. Prather, RPh, MD |
| UMSY U.S. MedSys Corp | $0.30 | Avoid | - - - | 06/03/2005 | Richard W. West, CFA |
| GLGS GlycoGenesys, Inc. | $0.49 | Not Rated | - - - | 11/11/2005 | William R. Prather, RPh, MD |

## Industrial & Manufacturing

*Companies rated in Industrial & Manufacturing*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| DXPE DXP Enterprises Inc | $17.87 | Strong Buy | $24.80 | 10/27/2005 | Paul J. Resnik, CFA |
| IBTGF International Barrier Technology Inc | $0.76 | Speculative Buy | $1.44 | 09/06/2005 | Gerald F. LaKarnafeaux, CFA |
| YDHCE Yantai Dahua Holdings Company Limited | $0.02 | Speculative Buy | $0.50 | 02/11/2005 | Sean Yu |

## Leisure & Entertainment

*Companies rated in Leisure & Entertainment*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| AIX Access Integrated Technologies, Inc. | $10.60 | Strong Spec. Buy | $14.00 | 11/30/2005 | Jonathan H. Ziegler, CFA |
| JYSR Joystar Inc. | $0.23 | Speculative Buy | $1.00 | 07/19/2005 | Richard W. West, CFA |

## Metals & Mining

*Companies rated in Metals & Mining*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| SA Seabridge Gold Inc | $9.85 | Strong Buy | $16.50 | 12/20/2005 | Les W. Childress |
| APP African Platinum plc | $0.37 | Speculative Buy | $1.20 | 01/11/2005 | Les W. Childress |
| SIL Apex Silver Mines Ltd | $15.76 | Neutral | - - - | 11/08/2005 | Les W. Childress |

## Oil, Gas & Energy

*Companies rated in Oil, Gas & Energy*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| CDNR Aurora Oil & Gas | $4.48 | Strong Buy | $7.08 | 11/18/2005 | Richard R. Wolfe, CFA |
| PHX Panhandle Royalty Company | $41.83 | Strong Buy | $50.00 | 03/03/2003 | Les W. Childress |
| DLSL Deli Solar (USA), Inc., | $9.50 | Buy | $7.35 | 08/29/2005 | Yan Zhao |
| FXEN FX Energy | $8.99 | Buy | $17.00 | 07/20/2004 | Les W. Childress |
| YGA Gastar Exploration Ltd. | $3.69 | Buy | $5.50 | 09/10/2003 | Les W. Childress |
| MXC Mexco Energy Corporation | $7.43 | Buy | $13.00 | 10/18/2005 | Les W. Childress |
| NCOC National Coal Corporation | $7.00 | Buy | $9.50 | 05/12/2005 | Richard R. Wolfe, CFA |
| SKPI Sky Petroleum, Incorporated | $1.88 | Buy | $2.75 | 11/17/2005 | Richard R. Wolfe, CFA |
| ELC [Electric City Corp](https://duttonassociates.com/research/ELC/) | $0.58 | Strong Spec. Buy | $1.80 | 11/17/2003 | Richard W. West, CFA |
| PEIX Pacific Ethanol, Inc. | $10.14 | Strong Spec. Buy | $15.80 | 12/02/2005 | Paul J. Resnik, CFA |
| PUDC Puda Coal Inc. | $2.00 | Strong Spec. Buy | $2.80 | 09/07/2005 | Sean Yu |
| OTD O2Diesel Corp | $0.45 | Speculative Buy | - - - | 09/15/2005 | Sally H. Wallick, CFA |
| USEG US Energy Corp | $4.47 | Speculative Buy | $6.50 | 07/12/2004 | Les W. Childress |
| CPEU Blue Point Energy, Inc. | $0.22 | Neutral | - - - | 12/04/2004 | Richard W. West, CFA |

## Publishing & Media

*Companies rated in Publishing & Media*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| TASA [Touchstone Applied Science Associates, Inc.](https://duttonassociates.com/research/TASA/) | $4.00 | Strong Buy | $5.50 | 05/07/2004 | Sally H. Wallick, CFA |

## Software

*Companies rated in Software*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| TISA Top Image Systems Ltd | $2.89 | Strong Buy | $4.00 | 11/28/2005 | Rafael K. Kapelinski |
| IW ImageWare Systems, Inc. | $2.02 | Buy | $3.25 | 06/15/2005 | Rafael K. Kapelinski |
| UNFY Unify Corp | $0.35 | Strong Spec. Buy | $0.65 | 07/06/2005 | Rafael K. Kapelinski |
| PCLI Protocall Technologies Incorporated | $0.15 | Neutral | - - - | 06/20/2005 | Rafael K. Kapelinski |
| RDTA Raining Data Corporation | $3.45 | Neutral | $3.00 | 05/27/2005 | William L. Valentine IV, CFA |

## Telecommunications

*Companies rated in Telecommunications*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| ISR I-Sector Corporation | $5.21 | Strong Buy | $10.00 | 09/16/2004 | David P. Soetebier, CFA |
| XING Qiao Xing Universal Telephone, Inc. | $7.50 | Strong Buy | $10.50 | 05/18/2005 | Sean Yu |
| CHDW China Digital Wireless, Inc. | $1.77 | Strong Spec. Buy | $4.00 | 07/21/2005 | Sean Yu |
| GGBM GigaBeam Corp | $7.65 | Strong Spec. Buy | $22.00 | 11/18/2005 | David Riedel |
| TKO Telkonet Inc | $4.48 | Speculative Buy | $6.25 | 11/08/2005 | Richard W. West, CFA |

## Utilities

*Companies rated in Utilities*

| Company | Recent price | Rating | Price target | Rating established | Analyst |
|---|---|---|---|---|---|
| RKE [Cap Rock Energy Corporation](https://duttonassociates.com/research/RKE/) | $20.58 | Sell | $21.75 | 11/07/2005 | Richard W. West, CFA |