China Housing, Nucryst: Early Volume Plays
NEW YORK (TheStreet) -- Several small-cap stocks were poised to move on above-average volume during Wednesday's session
Intertape Polymer (ITP) jumped by 19 cents, or 9.1%, to $2.30 in the premarket session after the company reported third-quarter earnings of 3 cents a share, dropping from its year-ago profit of 7 cents a share. Meanwhile, revenue tumbled 19% to $163.7 million. The three-month average daily volume for Intertape is 68,000, according to Yahoo! Finance.
China Housing and Land (CHLN) surged by $1.34, or 35.6%, to $5.10 in the premarket session after the company posted third-quarter earnings of 24 cents a share on revenue that jumped 217% to $23.8 million. The average of two analyst forecasts called for earnings of 8 cents a share on revenue of $20.4 million. The company also guided fourth-quarter revenue above consensus targets. The three-month average daily volume for China Housing and Land is 423,000, according to Yahoo! Finance.
Nucryst Pharmaceuticals (NCST) climbed by 55 cents, or 55%, to $1.55 in the premarket session after the company said it will sell all of its assets, including all rights to its proprietary nanocrystalline silver technology, to Smith & Nephew (SNN) for $21 million. The three-month average daily volume for Nucryst is 26,000, according to Yahoo! Finance.
Synergetics (SURG) jumped by 37 cents, or 25%, to $1.85 in the premarket session after Stryker (SYK) said it will acquire OtisMed as well as certain assets from both Synergetics and Japan's Mutoh used to produce the Sonopet Ultrasonic Aspirator control consoles and handpieces.. The three-month average daily volume for Synergetics is 43,000, according to Yahoo! Finance. GT Solar International (SOLR) rose by 19 cents, or 4%, to $4.95 in the premarket session after Kaufman Bros. said the firm's price target of $9 a share is "conservative." The research note comes a day after GT Solar reported fiscal second-quarter earnings, which fell short of the Thomson Reuters average estimate but was in-line with the company's preannouncement. The three-month average daily volume for GT Solar is 790,000, according to Yahoo! Finance. -- 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 TheStreet.com on Facebook.Select the service that is right for you!
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