Up and Down: Hanger, VSE, Human Genome Sciences, Freddie Mac
It was a short week, with just four trading days. Another financial institution's shares got hit, earnings news helped a couple of companies and two got the dubious honor of making it on to our list.
Hanger Orthopedics (HGR) of Bethesda had another good week, gaining 10 percent after rising 9 percent the previous week. On Feb. 12, it reported earnings that beat analysts' expectations, and its shares have been on a steady drive up since that point. They're still, however, below the 52-week high of $13.30 a share, closing at $11.45 on Friday.
VSE (VSEC) took the biggest jump of the week, gaining 26 percent to close at $30.63, a new 52-week high. The company reported earnings on Thursday; 2007 profit was up 81 percent from the previous year. Its CEO was upbeat on the future, saying the company would look at acquisition opportunities, and pointed out that the contractor has almost 50 percent more employees than at the end of 2006. It's still on the list of three-month losers, though -- at sixth place on that list with a loss of 40 percent.
MiddleBrook Pharmaceuticals (MBRK) of Germantown again got the top spot on the list of local three-month gainers. Its stock is up 203 percent in that period. Three months ago, shares were trading around $1; they closed Friday at $3.30.MiddleBrook, formerly Advancis, on Feb. 14 hired Morgan Stanley as an adviser to help it explore its strategic options.
Allied Defense Group (ADG) of Vienna debuted on the list of three-month gainers. Its stock is up 34 percent over that time, closing at $7.81 on Friday. Shares of the company, which provided surveillance at the Super Bowl, are still a ways away from their 52-week high of $15 but have made a strong rebound from the 52-week low of $3.75, where they were in August.
Last week, Carrollton Bancorp and Severn Bancorp took the biggest one-week slides. This week, it's Independence Federal Savings Bank (IFSB) of the District, whose stock fell 20 percent to close at $6.03. And all the trading activity appears to have taken place on Friday.
SI International (SINT) took an 11 percent drop last week after reporting earnings on Tuesday. Predictions for 2008 were below analyst expectations and operating costs were up.
Human Genome Sciences (HGSI) of Rockville joined the list of three-month losers last week. Shares have dropped 35 percent in the past three months. The company is scheduled to report earnings Monday.
Another debut: Freddie Mac (FRE) made it on to the list of the biggest one-year losers. Shares are down 58 percent; they fell just over 4 percent on Friday after Merrill Lynch lowered its ratings on both Freddie and Fannie Mae. Fannie Mae's shares are down 49 percent in the past year, not enough to make our list of the 10 biggest losers.
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