FSI International, Sealy's: Early Volume Plays
NEW YORK (TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Wednesday's session.
FSI International (FSII) should trade higher Wednesday after the semiconductor company posted a second-quarter profit of 5 cents a share, ahead of the two-analyst estimate for earnings of 3 cents a share. Revenue grew 120% from a year ago to $18.9 million, slightly above consensus. In addition, FSI International offered better-than-expected revenue guidance for the third quarter. Shares closed Tuesday at $3.69 but were up more than 5% in late trading. The 50-day average daily volume for FSI International is 554,000, according to the Nasdaq.
Willdan Group (WLDN) shares were poised to tumble after the outsourcing services provider posted a fourth-quarter loss of 49 cents a share, widening from a year-ago loss of 17 cents a share. Revenue dropped 24.2% to $14.4 million. Shares closed Wednesday at $2.26 and fell more than 9% in the after-market session. The 50-day average daily volume for Willdan Group is 5,700.
Zoom Technologies (ZOOM) was also indicated lower after the wireless communications holding company said it expects first-quarter revenue of $38 million to $42 million, which trails the single analyst estimate for revenue of $53.6 million. The guidance came as the company posted a full-year profit of $1.22 a share in 2009, which was above the long analyst target of $1.13 a share. Zoom Technologies closed Wednesday at $8.16 but was down 17.2% to $6.76 in early trading. The 50-day average daily volume for Zoom Technologies is 161,000.Landec Corp. (LNDC) should lose ground after the specialty polymer products company posted a third-quarter profit of 7 cents a share, which was a penny below estimates. Landec said that due to a significant decrease in revenues from its Apio unit's lower margin trading business during the first half of fiscal year 2010, the company expects revenue to be flat to slightly lower than in 2009 and net income to be approximately the same. After closing at $7.13 Wednesday, Landec shares fell more than 6% on the outlook in late trading. The 50-day average daily volume for Landec is 99,000. Sealy's (ZZ) was also poised to fall Wednesday after the mattress maker notched a first-quarter profit of 3 cents a share, coming in a penny below the Thomson Reuters average estimate. Sealy's fell nearly 4% in late trading Tuesday after finishing the session at $3.65. The three-month average daily volume for Sealy's is 896,000, according to Yahoo! Finance. -- Written by Robert Holmes in Boston. 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!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV