Stock watch.

• Position: Ingles Markets Inc.

SPOTLIGHT

Shares of Ingles Markets jumped 43% in three months, thanks partly to a 44% increase in first-quarter net income.

Highest price/earnings ratios P/E 2/23/07 52-week Company ratio (3) price range Highwoods Properties 147.0 $45.57 $28.95-47.36 BNP Residential Properties 75.4 24.13 16.20-24.31 Red Hat 71.5 23.60 13.70-32.48 Pike Electric 65.1 18.88 14.35-21.80 Tanger Factory Outlet Centers 62.6 41.30 29.67-43.56 MedCath 56.9 30.14 14.10-32.90 Winston Hotels 51.8 14.49 9.92-14.49 Southern Community Financial 45.4 10.44 9.01-11.09 Trimeris 43.7 12.68 7.21-14.92 Lance 42.9 20.14 18.35-26.40 Lowest price/earnings ratios CT Communications 6.7 $24.04 $12.60-26.85 James River Group 8.2 29.83 21.94-34.48 Reynolds American 9.5 63.59 51.80-67.09 Investors Title 10.0 50.85 40.02-55.73 Air T 10.1 7.79 7.50-12.52 FNB United 10.3 17.48 16.76-21.25 Insteel Industries 11.4 19.06 15.44-30.00 FNB Financial Services 11.8 14.82 13.04-16.21 Xerium Technologies 12.0 10.55 8.68-12.45 Triad Guaranty 12.7 48.62 43.07-58.62 3-month 52-week 52-week Company change (4) change range Top 10 large-cap stocks Ingles Markets 42.9% 154.7% $15.10-42.72 Alliance One International 39.5 91.4 3.57-8.62 Martin Marietta Materials 37.0 33.7 74.05-134.30 Red Hat 35.0 (10.7) 13.70-32.48 Pike Electric 25.9 (1.5) 14.35-21.80 CommScope 22.6 63.2 23.54-39.69 R.H. Donnelley 21.7 22.0 48.03-76.21 MedCath 21.5 35.4 14.10-32.90 Horizon Lines 20.3 139.4 12.35-31.53 Old Dominion Freight Line 19.9 24.0 24.04-39.50 Top 10 small-cap stocks Icagen 189.3% (68.8)% $0.66-9.25 BioDelivery Sciences Intl. 85.2 49.2 1.65-5.70 Inspire Pharmaceuticals 62.4 57.7 3.92-8.29 Chelsea...