NEW YORK (
) -- Shares of
Spectrum Control Incorporated
) were gapping up Monday morning with an open price 39.2% higher than Friday's closing price. The stock closed at $14.01 Friday and opened today's trading at $19.50.
The average volume for Spectrum Control has been 73,300 shares per day over the past 30 days. Spectrum Control has a market cap of $190.2 million and is part of the
industry. Shares are down 6.5% year to date as of the close of trading on Friday.
Spectrum Control, Inc., together with its subsidiaries, designs, develops, manufactures, and sells custom electronic components and systems worldwide. It operates in four segments: Advanced Specialty Products, Microwave Components and Systems, Power Management Systems, and Sensors and Controls. The company has a P/E ratio of 14.8, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 16.2.
TheStreet Ratings rates Spectrum Control 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, 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 shows weak operating cash flow. You can view the full
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