NEW YORK ( TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Monday's session. Smart Modular Technologies ( SMOD) shares rallied by 87 cents, or 14.3%, to $6.95 in the premarket session after the memory subsystems company raised its fiscal second-quarter earnings guidance to a range of 14 cents to 16 cents a share, well ahead of the Thomson Reuters average estimate of 8 cents a share. The company's second-quarter revenue guidance is also above consensus. Smart Modular also offered better-than-expected earnings and revenue guidance for its fiscal third quarter. The 50-day average daily volume for Smart Modular is 622,000, according to the Nasdaq. Cosan Limited ( CZZ) jumped by 60 cents, or 7.7%, to $8.40 in the premarket session after Reuters reported that the sugar and ethanol company signed a $12 billion ethanol deal with Royal Dutch Shell ( RDS.A). The three-month average daily volume for Cosan is 1.8 million, according to Yahoo! Finance. Ness Technologies ( NSTC) gained by 45 cents, or 8.1%, to $5.99 in the premarket session after the business services company won a public tender worth $19 million to provide online land registry services to the Geodesy, Cartography and Cadastre Authority of the Slovak Republic. The 50-day average daily volume for Ness Technologies is 160,000. Highway Holdings ( HIHO) jumped by 24 cents, or 13.4%, to $2.02 in the premarket session after the integrated manufacturer reported a fiscal third-quarter profit of 7 cents a share, more than doubling year-ago results. The 50-day average daily volume for Highway Holdings is 15,000.
( Earlier at 7:26 a.m. EST) Art Technology Group ( ARTG) should open higher Monday after the software company posted a fourth-quarter profit of 6 cents a share, matching the Thomson Reuters average estimate. Revenue in the quarter rose 14.5% from a year ago to $49.7 million, coming in ahead of the consensus target of $47 million. In addition, ATG announced a 25-million-share common stock offering. The 50-day average daily volume for ATG is 855,000, according to the Nasdaq. The stock closed Friday at $4.48. Pacific Capital Bancorp ( PCBC) shares may gain ground Monday after the community bank holding company reported a fourth-quarter loss of 43 cents a share, narrower than the 58-cent-a-share loss analysts were predicting, according to Thomson Reuters. The 50-day average daily volume for Pacific Capital is 1.89 million shares. Shares ended Friday's session at $1.18. Generex Biotechnology ( GNBT) should open lower after the company filed late Friday to renew and replace a $150 million mixed securities shelf offering. The 50-day average daily volume for Generex is 3.16 million. The stock closed Friday at 63 cents Office products company Champion Industries ( CHMP) should start the week in negative territory after reporting a fourth-quarter adjusted loss of 13 cents a share, worse than the single analyst estimate for a profit of 9 cents a share. Revenue of $33.9 million was down 23% from a year ago and also fell short of the lone analyst target. The 50-day average daily volume for Champion is 6,800 shares. Shares ended Friday's session at $1.49. -- Written by Robert Holmes in Boston. Check out all of Monday's high-volume, under-$5 stocks at the Dollar Store Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.