U.S. Concrete, GT Solar: Early Volume Plays

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

GT Solar (SOLR) slid by 11 cents, or 2.1%, to $5.04 in the premarket session after the company priced a secondary offering of 25 million shares of common stock by a selling shareholder at $4.85 per share. The 50-day average daily volume for GT Solar is 1.09 million, according to the Nasdaq.

Jamba (JMBA) was set to trade lower Wednesday after the juice and beverage retailer posted a fourth-quarter loss of 23 cents a share, which was worse than the single analyst estimate for a loss of 15 cents a share. Revenue of $50.6 million was down nearly 10% from a year ago and also worse than consensus. The 50-day average daily volume for Jamba is 396,000. The stock closed Tuesday at $2.02 and was down more than 5% in the after-market session.

U.S. Concrete (RMIX) shares may lose ground Wednesday after the concrete-products maker reported a fourth-quarter loss of 46 cents a share, which was wider than the 31-cent-a-share loss forecasted by analysts. Revenue dropped 31% to $119.9 million, which was also below consensus. U.S. Concrete said the impact of unusually severe winter weather has placed significant stress on its liquidity position, and that absent a successful restructuring, "there is substantial doubt about our ability to continue to operate as a going concern." The 50-day average daily volume for U.S. Concrete is 538,000. Shares dropped 13.3% on Tuesday to close at 58 cents.

QLT Inc. (QLTI) gained 23 cents, or 4.7%, to $5.16 in the premarket session after the biopharmaceutical company said it broke even in the fourth-quarter on an adjusted basis, compared with the two-analyst estimate for a loss of 2 cents a share. Revenue of $10.8 million in the quarter was down 9% from a year ago but was better than the $8.4-million consensus. QLT also offered better-than-expected revenue guidance for 2010. The 50-day average daily volume for QLT is 176,000.

-- Written by Robert Holmes in Boston.

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