Hackett Group Stock Soars (HCKT)

NEW YORK (TheStreet) -- Shares of Hackett Group (Nasdaq:HCKT) have taken a tremendous swing upward. The stock is trading at $4.70 as of 9:30 a.m. ET, 21.4% above Tuesday's closing price of $3.87. Volume is at 34,868, 0.4 times the daily average of 98,700.

Hackett Group has a market cap of $155.5 million and is part of the services sector and diversified services industry. Shares are up 3.5% year to date as of the close of trading on Tuesday.

The Hackett Group, Inc. operates as a strategic advisory and technology consulting firm primarily in the United States and western Europe. The company has a P/E ratio of 10.8, below the average diversified services industry P/E ratio of 11 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Hackett Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Hackett Group Ratings Report.

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