Unusual 11 Mid-Day Movers 8/14: GRH, GRRF, NCT, RTK Higher; CRDC, JADE, JST, CSTR Lower

August 14, 2009 12:04 PM EDT

GreenHunter Energy (Amex: GRH) 44.6% HIGHER; reports Q2 EPS of $0., cents better than the analyst estimate of ($0.40). Revenue for the quarter was $ million, versus the consensus of $700K.

China GrenTech (Nasdaq: GRRF) 39.9% HIGHER; reports Q2 EPS of $0.08, 6 cents better than the analyst estimate of $0.02. Revenue for the quarter was $62 million, versus the consensus of $46.93 million.

Newcastle Investment (NYSE: NCT) 30.3% HIGHER; continuing higher today following yesterday's break above the $1.00 level. Before yesterday, shares of Newcastle had not been above $1 since mid-May.

Cardica (Nasdaq: CRDC) 24.1% LOWER; reports Q2 loss of $0.22, 1 cent better than the analyst estimate of ($0.23). Revenue for the quarter was $1.2 million, versus the consensus of $2.91 million.

LJ International Inc. (NASDAQ: JADE) 22.4% LOWER; reports Q2 EPS of $0.01, compared to ($0.01) in the same quarter last year. Revenue for the quarter was $22.4 million, versus $31.1 million in Q208.

Rentech (AMEX: RTK) 22% HIGHER; upside momentum resumes today. Since receiving approval to modify specs for commercial jet fuel to a 50/50 blend on August 6, shares have surged more than 200%. The stock is trading on extremely heavy volume.

Jinpan International Ltd. (Nasdaq: JST) 13.4% LOWER; reports Q2 EPS of $1.07, versus the analyst estimate of $0.65 and compared to a gain of $0.74 in the same quarter last year. Revenue for the quarter was $40.9 million, versus the consensus of $44.30 million. Sees FY09 EPS of $2.75-$2.85, versus the consensus of $2.84 and sales of $154-$159 million, which compares to the Street estimate of $180.99 million.

Coinstar (Nasdaq: CSTR) 12% LOWER; is likely seeing downside from Blockbuster's (NYSE: BBI) Q2 earnings miss. Blockbuster was also downgraded at Wedbush Morgan.

Darling International (NYSE: DAR) 11.7% LOWER; reports Q2 EPS of $0.14, in-line with the analyst estimate of $0.14. Revenue for the quarter was $155.3 million, versus the consensus of $159.92 million.

Rambus (Nasdaq: RMBS) 11.5% HIGHER; a California Appellate Court has denied a petition from Micron (NYSE: MU), meaning Micron can now only move to a lower court.

Gildan Activewear (NYSE: GIL) 8.5% HIGHER; are continuing higher once again today following Q3 results reported Thursday morning. Adding to yesterday's gains, we have numerous analysts out with bullish calls on the stock today: Macquarie and Genuity upgraded the stock, while RBC, BMO, Credit Suisse and Paradigm lifted their price targets. Click here to see the full report.

To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.

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