Lattice Semi, Seanergy Maritime: Early Volume Plays
NEW YORK (TheStreet) -- Several stocks trading near $5 were moving on above-average volume at the start of Friday's session.
Integrated Silicon Solution (ISSI) jumped by 70 cents, or 13.1%, to $6.05 after the circuit maker swung to a fiscal first-quarter profit of 28 cents a share as revenue jumped 34.2% to $50.6 million. Looking ahead to the second quarter, Integrated Silicon said it expects revenue of $48 million to $52 million and earnings of 8 cents to 12 cents a share, compared with analysts' expectations that the company will break even in the quarter on revenue of $46.3 million. Volume topped 241,000 shares, compared to the 50-day average daily volume of 145,000, according to the Nasdaq.
Seanergy Maritime (SHIP) plummeted by 54 cents, or 30%, to $1.26 after the dry bulk marine transportation company priced a share secondary offering of 20.83 million shares at $1.20 per share. Volume topped 1.69 million shares, compared to the 50-day average daily volume of 12,000.
Lattice Semiconductor (LSCC) jumped by 37 cents, or 16.2%, to $2.65 after the company reported a fourth-quarter profit of 5 cents a share, coming in a penny better than estimate. Revenue of $55.1 million was also better than analysts had expected. For the first quarter, Lattice forecasted revenue growth of 8% to 12%, which would exceed the Thomson Reuters average estimate of $55 million. Volume topped 480,000 shares, compared to the 50-day average daily volume of 1.03 million.USEC (USU) gained 33 cents, or 8.9%, to $4.02 following a Reuters report that President Obama plans to propose a tripling of government loan guarantees for new nuclear reactors to more than $54 billion, citing an administration official. Volume topped 366,000 shares, compared to the three-month average daily volume of 1.53 million, according to Yahoo! Finance. -- 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 TheStreet.com on Facebook.
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