This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Quantum, Citizens South: Midday Volume Plays

Stocks in this article: QTM CSBC

( Updated with corrected earnings from Quantum.)

NEW YORK ( TheStreet) -- Several small-cap stocks were moving on above-average volume during Wednesday's session.

Quantum Corp. (QTM) jumped by 37 cents, or 22.7%, to $2 after the company late Tuesday said it swung to a fiscal second-quarter profit of $11.4 million, or 4 cents per diluted share, compared with a year-ago loss of $3.3 million, or a penny a share. On a non-GAAP basis, Quantum said it earned 11 cents a share in the quarter. Revenue slipped 15% from a year ago to $174.9 million but still exceeded consensus targets. Volume topped 11.6 million shares, compared to the three-month average daily volume of 1.3 million, according to Yahoo! Finance.

Citizens South Banking (CSBC) rose by $1.01, or 20.8%, to $5.87 after the company said it has withdrawn its public offering of approximately $30 million in common stock due to "unfavorable market conditions." Volume topped 40,000 shares, compared to the 50-day average daily volume of 3,900, according to the Nasdaq.

California Coastal Communities (CALC) tumbled by 30 cents, or 26.1%, to 85 cents after the company said it has filed voluntary petitions for reorganization under Chapter 11 in order to extend the maturity dates of approximately $182 million of indebtedness related to credit facilities for its Brightwater development project. Volume topped 741,000 shares, compared to the 50-day average daily volume of 36,000, according to the Nasdaq.

Allied Irish Banks (AIB) lost 58 cents, or 9.5%, to $5.55, down on worries that Ireland's plans to create a "bad bank" could be delayed, according to CNBC. Meanwhile, Bloomberg reported that there is concern European regulators may impose structure changes in return for government aid. Volume topped 4.4 million shares, compared to the three-month average daily volume of 2.3 million, according to Yahoo! Finance.

Anadigics (ANAD) tacked on 6 cents, or 1.7%, to $3.50 after the company late Tuesday reported a third-quarter loss of $12.9 million, or 21 cents a share. However, Anadigic' adjusted loss totaled 10 cents a share, which beat the Thomson Reuters average estimate for a loss of 15 cents a share. Volume topped 2.6 million shares, compared to the 50-day average daily volume of 806,000, according to the Nasdaq.

Health Grades (HGRD) was higher by 12 cents, or 3%, to $4.15 after the company said it had a third-quarter profit of $1.8 million or 6 cents a share, exceeding the Thomson Reuters average estimate by a penny a share. Volume topped 295,000 shares, compared to the 50-day average daily volume of 109,000, according to the Nasdaq.

-- Written by Robert Holmes in New York.

Check out all of Wednesday's high-volume, under-$5 stocks at the Dollar Store

Follow Robert Holmes on Twitter and become a fan of on Facebook.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs