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Hardinge, Cyclacel: Early Volume Plays

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

NEW YORK (

TheStreet

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

Kulicke and Soffa Industries

(KLIC) - Get Report

jumped by 82 cents, or 15.7%, to $6.03 in the premarket session after the semiconductor equipment maker posted a fiscal first-quarter profit of 21 cents a share, easily beating the Thomson Reuters average estimate of 13 cents a share. Revenue spiked 243% to $128.4 million, also above consensus. Kulicke and Soffa also offered better-than-expected revenue guidance for its fiscal second quarter. The 50-day average daily volume for Kulicke and Soffa is 820,000, according to the

Nasdaq

.

Entegris

(ENTG) - Get Report

gained 44 cents, or 10.7%, to $4.55 in the premarket session after the semiconductor company reported a fourth-quarter adjusted profit of 12 cents a share, compared with the Thomson Reuters average estimate of 6 cents a share. Revenue of $146.3 million was up nearly 30% from a year ago and also better than analysts' forecasts. The 50-day average daily volume for Entegris is 1.21 million.

Hardinge

(HDNG)

rallied by $2.94, or 53.7%, to $8.42 in the premarket session after Brazil's

Industrias Romi

said it submitted an all-cash offer to Hardinge's board of directors on Dec. 30, offering $8 per share for all outstanding shares of the machine tools company. Romi said Hardinge rejected the offer on Jan. 26 without discussing the deal with Romi. The 50-day average daily volume for Hardinge is 17,000.

Cyclacel Pharmaceuticals

(CYCC) - Get Report

rose by 36 cents, or 18.2%, to $2.34 in the premarket session after Roth Capital analysts initiated coverage of the stock with a buy rating and stock price target of $7. The 50-day average daily volume for Cyclacel is 6.6 million.

(

Earlier at 7:25 a.m. EST

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)

Affymetrix

(AFFX)

shares should rally Thursday after the genetic analysis company late Wednesday reported a fourth-quarter profit of 4 cents a share, surprising analysts who had forecasted a loss of 10 cents a share. Looking ahead to 2010, Affymetrix said it expects to generate improved revenue growth and to be profitable for the year. The 50-day average daily volume for Affymetrix is 1.49 million, according to the

Nasdaq

. Shares finished trading Wednesday at $5.67 and were up 18.9% in the premarket session.

RCM Technologies

(RCMT) - Get Report

was indicated higher after the advanced information technology company approved a $7.5-million common stock repurchase. The 50-day average daily volume for RCM Technologies is 8,300. The stock finished unchanged Wednesday at $2.50 and rose 11.6% in the after-market session.

THQ

(THQI)

was poised to jump in trading Thursday even after the video-game maker late Wednesday reported a fiscal third-quarter profit of 35 cents a share, which fell short of the Thomson Reuters average estimate. However, THQ offered revenue and earnings guidance for its fiscal fourth quarter that is above Wall Street expectations. The 50-day average daily volume for THQ is 1.21 million. After finishing at $5.10 Wednesday, THQ shares gained 10.8% in the after-market session.

Joe's Jeans

(JOEZ)

should trade higher Thursday after the denim company reported a fourth-quarter profit of 33 cents a share, which handily beat the lone analyst estimate that called for a profit of 1 cent a share. Revenue of $25.2 million also beat the single analyst forecast. The 50-day average daily volume for Joe's Jeans is 343,000. The stock finished at $1.72 Wednesday and was up nearly 14% in late trading.

-- Written by Robert Holmes in Boston

.

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