This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Cheniere Energy, China GrenTech: Early Volume Plays

Stocks in this article: LNG GRFF

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

Aehr Test Systems (AEHR - Get Report) should trade higher Thursday after the memory device systems testing company swung to a third-quarter adjusted profit of 18 cents a share from a year-ago loss of 28 cents a share. Revenue jumped 300% to $5.2 million. Shares closed Wednesday at $2.68 and rose 8.1% in late trading. The 50-day average daily volume for Aehr Test Systems is 33,000, according to the Nasdaq.

China GrenTech (GRRF) dropped by 77 cents, or 20%, to $3.08 in the premarket session after the wireless coverage products company eked out a fourth-quarter profit of 0.002 cent, below the single analyst estimate for a profit of 5 cents a share. Looking ahead to the first quarter, the company said that due to an "exceptional" performance in 2009, revenue in the first quarter of 2010 will be below year-ago levels. The 50-day average daily volume for China GrenTech is 112,000.

EF Johnson Technologies (EFJI) fell by 5 cents, or 5.3%, to 89 cents in the premarket session after the secure wireless communications provider posted a fourth-quarter loss of 36 cents a share as revenue dropped 36% from a year ago to $16.3 million. The company said the decline in revenue was primarily due to delays in shipping land mobile radio products to certain federal, state and local customers. The 50-day average daily volume for EF Johnson is 36,000.

Cheniere Energy (LNG - Get Report) may trade higher after the company confirmed a multi-year partnership with JPMorgan Chase (JPM - Get Report), where the bank will gain capacity rights at Sabine Pass in Louisiana for its clients. The Wall Street Journal reported that both companies will also share profits from transactions they arrange together for clients shipping the fuel, citing to people familiar with the matter. The three-month average daily volume for Cheniere is 521,000, according to Yahoo! Finance.

-- Written by Robert Holmes in Boston.

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

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs