Park Sterling shares gain 6.6% in last week’s trading
These were the best performing Carolinas-based stocks included in the Capital Investment Cos./Nottingham index of public companies for the week that ended Dec. 23.
Park Sterling Bank PSBT 6.6% – Charlotte-based bank has gained 43% in last year. Its price-earnings ratio is 29, vs low 20s for peers First Bancorp and BNC Bancorp.
SPX Flow FLOW 4.9% — Analysts expect 30% earnings growth over the next five years at Charlotte industrial-equipnent manufacturer.
World Acceptance WRLD 4.6% – Six analysts follow the consumer finance company; none rate the company a buy, according to YahooI Finance.
Cempra CEMP (-11.4%) – Clinical-stage pharmaceutical company is among state’s most volatile stocks.
Red Hat Software RHT (-11.2%) -Raleigh company says bookings came in lower than expecting, sparking fears that growth is slowing. More than $1 billion in shareholder value vanished.
3D Systems DDD (-8.9%) – Rock Hill-based 3D printing company reported $43 million loss in first three quarters of 2016. It has a market value of $1.6 billion.