NEW YORK (
) -- Shares of
) were gapping up Wednesday morning with an open price 14.1% higher than Tuesday's closing price. The stock closed at $96.50 Tuesday and opened today's trading at $110.10.
The average volume for Nordson has been 179,100 shares per day over the past 30 days. Nordson has a market cap of $3.4 billion and is part of the
industry. Shares are up 5% year to date as of the close of trading on Tuesday.
Nordson Corporation manufactures equipment used for precision dispensing, testing and inspection, and surface preparation and curing. The company has a P/E ratio of 20.4, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 23.2.
TheStreet Ratings rates Nordson as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full
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