Thursday, November 17, 2011

Stocks Trading +20%: ZOLL and VIAS

Stocks Trading +20%: ZOLL and VIASTallahassee, FL 11/17/11 (StreetBeat) --Shares of Zoll Medical Corp. (Nasdaq: ZOLL) rose 24% Thursday after the manufacturer of emergency care devices reported better-than-expected fiscal fourth-quarter results and said it would buy back its stock. The company said earnings totaled 52 cents a share on sales of $151.9 million. Analysts polled by Thomson Reuters were looking for a profit of 49 cents a share on sales of $143 million. Zoll's board greenlighted the repurchase of up to $50 million in common stock.

Shares of electronic circuit-board maker ViaSystems Group Inc. (Nasdaq: VIAS) were up 21% Thursday after the company withdrew plans to offer 4 million shares to the public. ViaSystems, which had announced the offering last week, said there is too much volatility in the market right now, and that the company's stock is undervalued.

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