Commercial Stock Gaps Up On Today's Open (CMC)
NEW YORK (TheStreet) -- Shares of Commercial Metals Company (NYSE:CMC) were gapping up Monday morning with an open price 22.4% higher than Friday's closing price. The stock closed at $11.45 Friday and opened today's trading at $14.01. The average volume for Commercial has been 1.5 million shares per day over the past 30 days. Commercial has a market cap of $1.41 billion and is part of the basic materials sector and metals & mining industry. Shares are down 31% year to date as of the close of trading on Friday. Commercial Metals Company engages in recycling, manufacturing, fabricating, and distributing steel and metal products, and related materials and services in the United States and internationally. TheStreet Ratings rates Commercial as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and poor profit margins. You can view the full Commercial Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.
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