This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Versar: Pump Up the Volume

SPRINGFIELD, Va. ( TheStreet) -- Versar (VSR - Get Report) shares slid 3.5% Wednesday on above-average volume after the technical services provider said it was awarded $5 million in new contracts.

Versar said its U.S. Engineering and Construction Group was awarded six new contracts by the U.S. Air Force totaling over $5 million.

A week ago, Versar announced it was one of sixteen small businesses awarded a five-year, $3 billion contract by the Department of the Air Force's Center for Engineering and the Environment, or AFCEE.

Versar was falling 15 cents, or 3.5%, to $4.10. More than 60,000 shares changed hands by noon Wednesday, compared to the stock's three-month average daily volume of 44,000, according to Yahoo! Finance.

Versar has a 6.8 million-share float with a short interest float of only 0.1% as of Aug. 11, according to Yahoo! Finance. Nearly 19% of the company's shares are held by insiders and another 33% is held by institutions.

Investor posts on Internet message boards said that visibility has improved for Versar thanks to the new contracts. Other longer-term investors argued that a pullback now represents a better entry point.

Read more about today's high-volume stocks like UCBH Holdings in earlier "Pump Up the Volume" posts.

-- Written by Robert Holmes in New York.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
VSR $3.47 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%
TSLA $206.79 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs