Cascade Stock Gaps Up On Today's Open (CASC)
NEW YORK (
) -- Shares of
Cascade Corporation
(NYSE:
) were gapping up Friday morning with an open price 16.8% higher than Thursday's closing price. The stock closed at $38.95 Thursday and opened today's trading at $45.49.
The average volume for Cascade has been 45,900 shares per day over the past 30 days. Cascade has a market cap of $425.6 million and is part of the
sector and
industry. Shares are down 17.6% year to date as of the close of trading on Thursday.
Cascade Corporation engages in the manufacture and distribution of material handling load engagement products and related replacement parts, primarily for the lift truck and construction industries worldwide. The company has a P/E ratio of 20.1, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Cascade as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full
.
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