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Looking to gain exposure to the small-cap sector? For a closer look at interesting small-caps, we ran a screen.

We began by screening small-cap stocks, those with market caps between $300 million and $1 billion, for those trading within 5% of their 52-week highs.

We then screened for those stocks with strong sales trends, comparing growth in revenue to growth in accounts receivable over the last year. Since accounts receivable is the portion of revenue not yet received, and there is no guarantee the money will ever be received, the smaller the portion of revenue made up of receivables the healthier the company's revenue.

We screened for stocks seeing faster growth in revenue than accounts receivable year-over-year, as well as accounts receivable comprising a smaller portion of current assets over the same time period.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these stocks will break through to new highs? Use this list as a starting point for your own analysis.

List sorted by increase in revenue over the last year.

1. Calavo Growers Inc. (NASDAQ:CVGW): Procures and markets avocados and other perishable commodities, and prepares and distributes processed avocado products in the United States and internationally. Market cap at $429.35M, most recent closing price at $29.05. The stock is trading 3.90% below its 52-week high. Revenue grew by 28.55% during the most recent quarter ($117.39M vs. $91.32M y/y). Accounts receivable grew by 5.52% during the same time period ($41.3M vs. $39.14M y/y). Receivables, as a percentage of current assets, decreased from 58.88% to 52.98% during the most recent quarter (comparing 3 months ending 2012-01-31 to 3 months ending 2011-01-31).

2. eResearchTechnology, Inc. (NASDAQ:ERT): Provides technological services and medical devices in North America and the United Kingdom. Market cap at $390.67M, most recent closing price at $7.92. The stock is trading 3.19% below its 52-week high. Revenue grew by 21.13% during the most recent quarter ($50.51M vs. $41.7M y/y). Accounts receivable grew by 1.26% during the same time period ($37.65M vs. $37.18M y/y). Receivables, as a percentage of current assets, decreased from 43.07% to 36.22% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

3. Kensey Nash Corporation (KNSY): Engages in the field of regenerative medicine utilizing its proprietary collagen and synthetic polymer technology to help repair damaged or diseased tissues. Market cap at $334.78M, most recent closing price at $38.48. The stock is trading 0.52% below its 52-week high. Revenue grew by 19.2% during the most recent quarter ($22.16M vs. $18.59M y/y). Accounts receivable grew by 2.66% during the same time period ($10.81M vs. $10.53M y/y). Receivables, as a percentage of current assets, decreased from 18.54% to 15.41% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

4. ICU Medical, Inc. (NASDAQ:ICUI): Engages in the development, manufacture, and sale of disposable medical connection systems for use in vascular therapy applications in the United States and internationally. Market cap at $754.23M, most recent closing price at $53.16. The stock is trading 1.67% below its 52-week high. Revenue grew by 5.65% during the most recent quarter ($75.51M vs. $71.47M y/y). Accounts receivable grew by -17.51% during the same time period ($41.73M vs. $50.59M y/y). Receivables, as a percentage of current assets, decreased from 22.69% to 15.12% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

5. Knology, Inc. (NASDAQ:KNOL): Provides video, voice, data, and advanced communications services to residential and business customers in the southeastern and midwestern United States. Market cap at $754.45M, most recent closing price at $19.51. The stock is trading 1.27% below its 52-week high. Revenue grew by 4.64% during the most recent quarter ($129.29M vs. $123.56M y/y). Accounts receivable grew by 0.48% during the same time period ($37.68M vs. $37.5M y/y). Receivables, as a percentage of current assets, decreased from 39.27% to 29.24% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Source: 5 Small Caps Trading Near Highs With Strong Sales Trends