Early Movers: Pump Up the Volume

Several small-cap stocks were poised to move on above-average volume during Thursday's session.
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NEW YORK (

TheStreet

) -- Several small-cap stocks were poised to move on above-average volume during Thursday's session.

Tellabs

(TLAB)

slipped by 4 cents, or 0.6%, to $6.75 in the premarket session after the company said it will acquire acquires WiChorus for $165 million in cash. The deal adds WiChorus' SmartCore mobile packet core platform, the only currently available platform that is purpose-built for 4G, LTE and WiMax, with support for 3G. Tellabs said the transaction is expected to be dilutive to earnings in 2010, then additive to adjusted earnings in 2011 and beyond. The three-month average daily volume for Tellabs is 9 million, according to Yahoo! Finance.

Rodman & Renshaw

(RODM) - Get Report

jumped by 31 cents, or 5.3%, to $6.20 in the premarket session after the company reported third-quarter earnings of 40 cents a share, coming in well ahead of the Thomson Reuters average estimate of 14 cents a share. Revenue surged more than 600% to $65.6 million, more than double what Wall Street had anticipated. The firm said it completed 32 financing transactions raising $634.7 million in the third quarter, compared to 25 transactions raising $399.4 million in the second quarter. The three-month average daily volume for is 473,000, according to Yahoo! Finance.

Taser

(TASR)

fell by 6 cents, or 1.3%, to $4.50 in the premarket session after the company recorded a third-quarter loss of five cents a share, coming in two cents shy of the Thomson Reuters average estimate. Taser said that, on a GAAP basis, gross margin for the third quarter sank to 56.9% from 60.8% from the year-ago quarter. On a non-GAAP basis, Taser said gross margin improved to 62.5% in the third quarter from 60.8% a year ago. The three-month average daily volume for is 386,000, according to Yahoo! Finance.

Huntington Bancshares

(HBAN) - Get Report

slumped by 11 cents, or 2.6%, to $4.20 in the premarket session after the company posted a third-quarter loss of 33 cents a share, a nickel worse than the Thomson Reuters average estimate. The bank said the loss was entirely due to $475.1 million of provision for credit loss expense. The three-month average daily volume for is 27 million, according to Yahoo! Finance.

Akeena Solar

(AKNS)

rose by 3 cents, or 2.7%, to $1.16 in the premarket session after the company said it had a loss of 7 cents a share in the third quarter, a penny better than consensus estimates. Revenue fell 27.6% from a year ago to $7.7 billion, although that number also exceeded expectations. The three-month average daily volume for is 255,000, according to Yahoo! Finance.

Reddy Ice

(FRZ)

jumped by 16 cents, or 3%, to $5.45 in the premarket session even after the company reported a third-quarter profit of 44 cents a share, falling well short of the single analyst estimate of 79 cents a share. Revenue fell 8% from the year-ago quarter to $115.4 million, also below the lone estimate. The three-month average daily volume for is 453,000, according to Yahoo! Finance.

Capitol Bancorp

(CBC)

climbed by three cents, or 1.1%, to $2.70 in the premarket session even after the company posted a net loss of $1.78 a share, compared to forecasts for a loss of 58 cents a share. The bank said its provision for loan losses decreased to $48.8 million, down from $53.8 million in the year-ago quarter but up from $35.8 million sequentially. Revenue of $47.2 million in the third quarter also topped expectations. The three-month average daily volume for is 154,000, according to Yahoo! Finance.

-- Written by Robert Holmes in New York

.

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