LoJack Stock Soars (LOJN)
NEW YORK (TheStreet) -- Shares of LoJack Corporation (Nasdaq:LOJN) have taken a tremendous swing upward. The stock is trading at $3.78 as of 3:35 p.m. ET, 20.4% above Thursday's closing price of $3.14. Volume is at 62,512, 1.4 times the daily average of 45,000. LoJack has a market cap of $56.1 million and is part of the services sector and diversified services industry. Shares are down 51.4% year to date as of the close of trading on Thursday. LoJack Corporation provides technology products and services for the tracking and recovery of mobile assets, stolen vehicles, motorcycles, construction equipment, cargo, and people at risk. The company has a P/E ratio of 13.2, below the average diversified services industry P/E ratio of 13.8 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates LoJack as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full LoJack Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.
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