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TheStreet Wire

Dycom Stock Gaps Up On Today's Open (DY)

By TheStreet Wire 08/24/11 - 10:08 AM EDT

Find out if (DY) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of Dycom Industries Inc (NYSE:DY) were gapping up Wednesday morning with an open price 14.2% higher than Tuesday's closing price. The stock closed at $13.83 Tuesday and opened today's trading at $15.79.

The average volume for Dycom has been 341,700 shares per day over the past 30 days. Dycom has a market cap of $435.4 million and is part of the industrial goods sector and materials & construction industry. Shares are down 6.3% year to date as of the close of trading on Tuesday.

Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. The company has a P/E ratio of 60.9, below the average materials & construction industry P/E ratio of 64 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Dycom as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and poor profit margins. You can view the full Dycom Ratings Report.

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