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Looking for low-priced stocks with strong prospects? We ran a screen with that idea in mind.

We began by screening for companies trading under $3 a share for those with high growth prospects, with 5-year projected EPS growth above 15%.

We then screened for those stocks with strong sales trends, comparing growth in revenue to growth in accounts receivable. 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 of a smaller portion of current assets over the same time period.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall (kapitall.com).

Do you think these companies will meet their high growth expectations? Use this list as a starting point for your own analysis.

List sorted by increase in revenue over the last year.

1. Gafisa S.A. (NYSE:GFA): Operates as a homebuilder in Brazil. Market cap at $614.69M, most recent closing price at $2.84. 5-year projected EPS growth at 43.60%. Revenue grew by 26.97% during the most recent quarter ($927.83M vs. $730.75M y/y). Accounts receivable grew by 6.39% during the same time period ($3,796.48M vs. $3,568.35M y/y). Receivables, as a percentage of current assets, decreased from 56.79% to 54.15% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

2. Merge Healthcare Incorporated (NASDAQ:MRGE): Provides health information technology interoperability solutions. Market cap at $218.56M, most recent closing price at $2.37. 5-year projected EPS growth at 18.75%. Revenue grew by 15.78% during the most recent quarter ($60.98M vs. $52.67M y/y). Accounts receivable grew by 6.82% during the same time period ($71.75M vs. $67.17M y/y). Receivables, as a percentage of current assets, decreased from 53.63% to 45.69% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

3. Gastar Exploration, Ltd. (NYSEMKT:GST): Engages in the acquisition, exploration, development, and production of natural gas and oil in the United States. Market cap at $119.65M, most recent closing price at $1.82. 5-year projected EPS growth at 53.70%. Revenue grew by 12.55% during the most recent quarter ($9.15M vs. $8.13M y/y). Accounts receivable grew by -7.53% during the same time period ($5.28M vs. $5.71M y/y). Receivables, as a percentage of current assets, decreased from 20.28% to 14.31% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

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

Source: 3 High-Growth Stocks Under $3 With Strong Receivable Trends