NEW YORK (
) -- Shares of
) were gapping up Thursday morning with an open price 13.5% higher than Wednesday's closing price. The stock closed at $20.81 Wednesday and opened today's trading at $23.61.
The average volume for Kadant has been 41,200 shares per day over the past 30 days. Kadant has a market cap of $258.6 million and is part of the
industry. Shares are down 11.7% year to date as of the close of trading on Wednesday.
Kadant Inc. develops, manufactures, and markets equipment and products for the papermaking and paper recycling industries. The company has a P/E ratio of 84.9, above the average consumer non-durables industry P/E ratio of 22.8 and above the S&P 500 P/E ratio of 22.7.
TheStreet Ratings rates Kadant as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full
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