This Day On The Street
Continue to site
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

PMC-Sierra, Quantum: Early Volume Plays

NEW YORK ( TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Friday's session.

PMC-Sierra (PMCS) shares should rise at the open Friday after the semiconductor company reported a fourth-quarter adjusted profit of 17 cents a share, better than the Thomson Reuters average estimate of 15 cents a share. Sales of $139.5 million were up 6.6% from a year earlier and also exceeded Wall Street's estimates. The 50-day average daily volume for PMC-Sierra is 4.23 million, according to the Nasdaq. The stock closed Thursday at $7.76.

Giga-tronics (GIGA - Get Report) shares were set to trade lower after the wireless equipment company reported a fiscal third-quarter profit of 7 cents a share, down from earnings of 8 cents a share in the year-ago quarter. Gross margin in the quarter fell to 42.9% from 47.5% in the same quarter a year earlier. The 50-day average daily volume for Giga-tronics is 26,000 shares. Shares finished trading Thursday at $3.

Spectrum Pharmaceuticals (SPPI - Get Report) should gain ground Friday after the company said it has received a total $16 million from its Asian Partners Nippon Kayaku and Handok Pharmaceuticals related to collaboration agreements for its cancer drug apaziquone, which were originally announced in November 2009. The 50-day average daily volume for Spectrum is 1.07 million shares. The stock finished Thursday's session at $4.40.

Yucheng Technologies (YTEC) was indicated to trade sharply lower Friday after the Chinese information technology company swung to a fourth-quarter loss of 26 cents a share as revenue was cut nearly in half to $11.2 million. Yucheng Tech also disappointed with its 2010 earnings and revenue guidance. The 50-day average daily volume for Yucheng is 189,000. Shares finished at $6.74 Thursday.

Quantum (QTM - Get Report) shares were poised to slide Friday after the data storage company notched a fiscal third-quarter adjusted profit of 7 cents a share, disappointing analysts who had expected earnings of 9 cents a share. The three-month average daily volume for Quantum is 2.99 million, according to Yahoo! Finance. Quantum finished trading Thursday at $3.06.

-- Written by Robert Holmes in Boston.

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

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

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
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GIGA $1.20 -4.00%
PMCS $11.65 0.52%
QTM $0.46 3.40%
SPPI $7.14 12.00%
AAPL $92.69 -0.59%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs