Streamline Health, Hoku: Early Volume Plays

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

Streamline Health (STRM) jumped by 39 cents, or 19.8%, to $2.39 in the premarket session after the company posted a fourth-quarter profit of 17 cents a share on revenue of $6.3 million, compared to the single analyst target of 16 cents a share on revenue of $6.28 million. Streamline said revenue from application hosting services increased by 44% from the year-ago quarter. The 50-day average daily volume for Streamline is 12,000, according to the Nasdaq.

Hoku Scientific (HOKU) was set to trade higher after the company said it has initiated pilot production of polysilicon at its manufacturing facility in Pocatello, Idaho. Shares closed Wednesday at $2.48 and were up more than 5% in the after-market session. The 50-day average daily volume for Hoku is 100,000.

EF Johnson Technologies (EFJI) gained 6 cents, or 6.2%, to $1.01 in the premarket session after the company said it has obtained two additional orders totaling $6.7 million from a State Transportation Department. The 50-day average daily volume for EF Johnson is 41,500.

VirnetX Holding (VHC) may lose ground after the company's independent public accounting firm included in its annual report a "going concern" qualification. VirnetX shares closed Wednesday at $5.17. The three-month average daily volume for VirnetX is 587,000, according to Yahoo! Finance.

-- Written by Robert Holmes in Boston.

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