NEW YORK ( TheStreet) -- Newcastle Investment ( NCT) was among several stocks trading near $5 were moving on above-average volume Friday after announcing quarterly results.

Newcastle Investment said it had first-quarter net income of $180.2 million, or $3.36 a share, swinging from a year-ago loss of $242.2 million, or $4.59 a share. One analyst surveyed by Thomson Reuters expected a profit of 22 cents a share.

Newcastle Investment shares were jumping 11% to $3.32. Volume topped 1.28 million shares, compared to the three-month average daily volume of 802,000, according to Yahoo! Finance.

CalAmp ( CAMP) shares, on the other hand, slumped by 49 cents, or 18.9%, to $2.11 after the wireless communications company said it had a fourth-quarter adjusted net loss of 2 cents a share on revenue of $34.5 million. A single analyst forecasted a loss of 6 cents a share on revenue of $33 million.

Despite the earnings beat, CalAmp shares were still lower on increased volume. More than 656,000 shares, compared to the 50-day average daily volume of 104,000, according to the Nasdaq.

BigBand Networks ( BBND) dropped by 42 cents, or 13%, to $2.80 after the video services company reported a first-quarter adjusted net loss of 7 cents share, swinging from profit of 9 cents a share in the year-ago quarter. Analysts were looking for an average loss of 3 cents a share in the quarter. Volume topped 950,000 shares, compared to the 50-day average daily volume of 322,000.

DragonWave ( DRWI) lost $1.36, or 17.1%, to $6.61 after the broadband wireless equipment maker posted first-quarter net income of $13.4 million, or 35 cents a share, on revenue of $63.8 million. The Thomson Reuters average estimate was for a profit of 36 cents a share on $62.46 million in sales. Volume topped 2.44 million shares, compared to the 50-day average daily volume of 1.08 million.

-- Written by Robert Holmes in Boston.

Check out all of Friday's high-volume, under-$5 stocks at the Dollar Store. View the Dollar Store portfolio on StockPickr.

Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.

More from Investing

McDonald's Criticized for Not Doing More in Wake of Sexual Harassment Claims

McDonald's Criticized for Not Doing More in Wake of Sexual Harassment Claims

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Bitcoin Today: Prices Continue to Slump Heading Into Weekend

Bitcoin Today: Prices Continue to Slump Heading Into Weekend

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain