STOCKS NEWS EUROPE-Newmark Security jumps after results

Shares in Newmark Security (NWMS.L) jump over 13 percent after the security systems company posts final results, with Seymour Pierce repeating its "buy" recommendation on the stock.

"The full-year results from Newmark Security were adversely affected by the prevailing economic backdrop, but still managed to come in slightly ahead of our expectations," says Seymour Pierce in a note.

The broker repeats its "buy" rating on the stock, pointing out Newmark Security occupies strong market positions in the areas of electronic access control and retail asset protection, "both of which are growing markets."

Newmark Security posts revenue from continuing operations of 12.96 million pounds for the year ended April 2009, against 14.87 million in 2008, and gross profit of 5.76 million pounds, compared with 6.60 million the previous year. [ID:nRnsT8977V]

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