NEW YORK ( TheStreet) -- Shares of Colfax Corporation (NYSE: CFX) were gapping up Tuesday morning with an open price 14.7% higher than Monday's closing price. The stock closed at $18.90 Monday and opened today's trading at $21.67. The average volume for Colfax has been 99,300 shares per day over the past 30 days. Colfax has a market cap of $825.8 million and is part of the industrial goods sector and industrial industry. Colfax Corporation designs, manufactures, and distributes fluid handling products that transfer or control liquids in various applications worldwide. Its fluid handling products include pumps, fluid handling systems and controls, and specialty valves. The company has a P/E ratio of 57.7, below the average industrial industry P/E ratio of 68 and above the S&P 500 P/E ratio of 23.3. TheStreet Ratings rates Colfax as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. You can view the full Colfax Ratings Report.