NEW YORK (
) is trading at unusually high volume Monday with 558,309 shares changing hands. It is currently at 4.2 times its average daily volume and trading up $1.97 (+7.1%) at $29.79 as of 11:32 a.m. ET.
Cal-Maine has a market cap of $591.9 million and is part of the
industry. Shares are down 11.9% year to date as of the close of trading on Friday.
Cal-Maine Foods, Inc. engages in the production, grading, packaging, marketing, and distribution of shell eggs primarily in the southeastern, southwestern, mid-western, and mid-Atlantic regions of the United States. The company has a P/E ratio of 8.7, above the average food & beverage industry P/E ratio of 8.6 and below the S&P 500 P/E ratio of 16.2.
TheStreet Ratings rates Cal-Maine 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, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full
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