Lentuo International Inc (ADR) (LAS) soared 29.60%, with 451,633 shares traded, 9 times the average daily volume of 53,880 shares. The Chinese non-state-owned automobile retailer recently signed an faramework agreement with First Automobile Finance Co., Ltd. to shares resources and cooperate in providing customer financing, auto insurance as well as other financial services.
Impac Mortgage Holdings Inc. (IMH) closed up 28.33% with 384,069 shares traded, triple the average daily volume of 103,900 shares, making it one of the top stocks today. Impac Mortgage, a mortgage and real estate company, recently reported its second quarter net earnings of $4.2 million, or $0.51 per share versus $361 thousand or $0.04 per share a year ago due to the robust performance of its mortgage lending business.
Emmis Communications Corp. (EMMS), radio broadcasting media company, surged more than 24% with 1.62 million shares traded, nearly seven times the average daily volume of 241,298 shares. Equities researchers at Sidoti initiated coverage and set a “neutral” rating on EMMS stock Monday.
Helios & Matheson Information Technology Inc (HMNY) rose sharply by 21.33% with only 100 shares traded, much lower than the average daily volume of 1,660 shares. The information technology company which provides services and solutions to Fortune 1000 companies and other large organizations earlier this month reported a 300% increase in its second quarter EPS.
Magnegas Corporation (MNGA) made its way up to one of the top stocks Friday by rising 18.64% with 23,902 shares traded, lower than the average daily volume of 35,804 shares. Magnegas Corporation announced today that Chief Financial Officer Luisa Ingargiola will present at the Rodman & Renshaw Annual Global Investment Conference on September 10, 2012. The alternative energy company recently announced it has shipped a 150kW refinery to RJ Torching, Inc.