NEW YORK ( TheStreet) -- Several small-cap stocks were moving on above-average volume during Tuesday's session.
China Housing and Land Development (CHLN - Get Report) jumped by 43 cents, or 13.1%, to $3.73, one day before the company is set to report third-quarter earnings results. Analysts are looking for a profit of 8 cents a share, according to Thomson Reuters. Volume topped 512,000 shares, compared to the 50-day average daily volume of 387,000, according to the Nasdaq.
Universal Power Group (UPG - Get Report) surged by 90 cents, or 39.1%, to $3.20 after the company reported third-quarter net income of $600,000, or 12 cents a share, rising 52% from a year ago. Despite tough conditions, the company said it is seeing "more reasons for optimism in 2010." Volume topped 400,000 shares, compared to the three-month average daily volume of 6,600, according to Yahoo! Finance.
Acadia Pharmaceuticals (ACAD - Get Report) rose by 18 cents, or 13%, to $1.57 after the company said its third-quarter loss narrowed to $8.7 million, or 23 cents a share, from the year-ago loss of $15.6 million, or 42 cents a share. Revenue jumped to $2.4 million, better than the consensus target of $2 million. Volume topped 1 million shares, compared to the 50-day average daily volume of 2.6 million, according to the Nasdaq.RHI Entertainment (RHIE) plummeted by $1.67, or 58.6%, to $1.18 after the company said third-quarter library revenue dropped 78% due to unanticipated delays. As a result, when compared to the prior year, a higher percentage of RHI's 2009 library sales activity is expected to fall into the fourth quarter. RHI said its third-quarter loss totaled $29 million, or $1.24 a share, widening from a loss of $6.1 million or 26 cents a share, in the year-ago period. Volume topped 4.7 million shares, compared to the 50-day average daily volume of 26,000, according to the Nasdaq. Opnext (OPXT) fell by 85 cents, or 29.6%, to $2.02 after the company late Monday reported an adjusted fiscal second-quarter loss of 10 cents a share, wider than the consensus for a loss of 7 cents a share. Revenue fell 5% fro a year ago to $$81 million, also below the Thomson Reuters average estimate. Opnext also offered third-quarter revenue guidance that disappointed analysts. Volume topped 1.2 million shares, compared to the 50-day average daily volume of 306,000, according to the Nasdaq. Parkervision (PRKR) dropped by 61 cents, or 23.8%, to $1.94 after the company priced its public offering of 8 million shares of common stock at $2 a share. Volume topped 1.8 million shares, compared to the 50-day average daily volume of 152,000, according to the Nasdaq. Sunrise Senior Living (SRZ) lost 58 cents, or 19.8%, to $2.35, one day after the company reported a third-quarter net loss of $44.4 million, or 88 cents a share while revenue sank to $382.6 million from $412.6 million in the year-ago quarter. Volume topped 5.5 million shares, compared to the three-month average daily volume of 2.2 million, according to Yahoo! Finance. -- Written by Robert Holmes in New York. Check out all of Tuesday's high-volume, under-$5 stocks at the Dollar Store Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.