NEW YORK (
) -- Shares of
) have taken a tremendous swing upward. The stock is trading at $5.82 as of 1:43 p.m. ET, 26.3% above Thursday's closing price of $4.61. Volume is at 32,699, 1.6 times the daily average of 20,700.
Food Technology Service has a market cap of $12.8 million and is part of the
industry. Shares are up 19.4% year to date as of the close of trading on Thursday.
Food Technology Service, Inc. owns and operates an irradiation facility in Mulberry, Florida. The company's irradiation facility uses gamma radiation to provide contract sterilization services to the surgical, pharmaceutical, medical device, food, and consumer goods industries. The company has a P/E ratio of 11.1, below the average diversified services industry P/E ratio of 11.2 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Food Technology Service as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, robust revenue growth, compelling growth in net income, solid stock price performance and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full
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