NEW YORK (
) -- Shares of
) were gapping up Thursday morning with an open price 12.7% higher than Wednesday's closing price. The stock closed at $18.64 Wednesday and opened today's trading at $21.
The average volume for Kadant has been 105,800 shares per day over the past 30 days. Kadant has a market cap of $233.7 million and is part of the
industry. Shares are down 20.9% 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 10.4, above the average industrial industry P/E ratio of 10.3 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Kadant as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full
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