Family Dollar Stores Stock Gaps Up On Today's Open (FDO)
Shares of Family Dollar Stores (NYSE:FDO) were gapping up Wednesday morning with an open price 26.3% higher than Tuesday closing price. The stock closed at $43.96 yesterday and opened today's trading at $55.50.
NEW YORK ( TheStreet) -- Shares of Family Dollar Stores (NYSE: FDO) were gapping up Wednesday morning with an open price 26.3% higher than Tuesday's closing price. The stock closed at $43.96 Tuesday and opened today's trading at $55.50. The average volume for Family Dollar Stores has been 2.2 million shares per day over the past 30 days. Family Dollar Stores has a market cap of $5.5 billion and is part of the services sector and retail industry. Family Dollar Stores, Inc. operates a chain of self-service retail discount stores primarily for low and middle income consumers in the United States. The company has a P/E ratio of 16.2, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Family Dollar Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Family Dollar Stores Ratings Report. Get more investment ideas from our investment research center.