NEW YORK (
) -- Shares of
) have taken a tremendous swing upward. The stock is trading at $6.96 as of 3:49 p.m. ET, 21.5% above Tuesday's closing price of $5.73. Volume is at 62,382, 11.1 times the daily average of 5,600.
Food Technology Service has a market cap of $14.6 million and is part of the
industry. Shares are up 10.2% year to date as of the close of trading on Tuesday.
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 21, above the average diversified services industry P/E ratio of 19.3 and above 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, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
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