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

Air Transport Services Group ( ATSG) jumped by 71 cents, or 21.4%, to $4.06 after the company reported a fourth-quarter profit of 18 cents a share on revenue of $250.5 million, compared with the Thomson Reuters average estimate for a profit of 15 cents a share on revenue of $188.9 million. On Wednesday, Air Transport Services announced a new long-term aircraft and operating agreements with DHL.Volume topped 1.08 million shares, compared to the 50-day average daily volume of 315,000, according to the Nasdaq.

Gentium ( GENT) surged by $1.35, or 59%, to $3.64 after the biopharmaceutical company said a study evaluating the prophylactic use of Defibrotide in pediatric stem cell transplant (SCT) patients at high risk for veno-occulsive disease (VOD) saw a 40% reduction in the incidence of VOD within 30 days after SCT, which was the primary endpoint of the study. Volume topped 645,000 shares, compared to the 50-day average daily volume of 160,000.

DemandTec ( DMAN) slid by 80 cents, or 11.5%, to $6.15 after the consumer demand management solutions company posted a fourth-quarter profit of a penny a share, below the Thomson Reuters average estimate for a profit of 2 cents a share. Revenue of $19.6 million was up from a year ago but also below consensus. Volume topped 645,000 shares, compared to the 50-day average daily volume of 243,000.

Borders Group ( BGP) rallied by 93 cents, or 54.1%, to $2.65 after the retailer said it met a $42.5 million obligation and announced a $700 million revolving credit facility. The announcement came as Borders reported fourth-quarter earnings of 91 cents a share, which was below the Thomson Reuters average estimate of $1.01 a share. Borders said it also closed on a $90 million term loan credit facility. Volume topped 7.59 million shares, compared to the three-month average daily volume of 2.8 million, 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 Twitter and become a fan of TheStreet.com on Facebook.

If you liked this article you might like

Will 'Say on Pay' Become the New Normal for CEOs?

Borders Will Begin Liquidating This Week

Borders Will Begin Liquidating This Week

10 Bricks-and-Mortar Stores That Beat Online

Borders' Mistakes: Chapter by Chapter

Borders' Mistakes: Chapter by Chapter

Borders in Talks to Sell Half Its Stores

Borders in Talks to Sell Half Its Stores