Streamline Health, Hoku: Early Volume Plays
NEW YORK (
) -- Several stocks trading near $5 were poised to move on above-average volume during Thursday's session.
Streamline Health
(STRM) - Get Streamline Health Solutions, Inc. Report
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
TheStreet Recommends
( 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) - Get VirnetX Holding Corporation Report
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
.
Check out all of Thursday's high-volume, under-$5 stocks at the Dollar Store
Follow Robert Holmes on
and become a fan of TheStreet.com on
