Aaron's Stock Gaps Up On Today's Open (AAN)

NEW YORK ( TheStreet) -- Shares of Aaron's (NYSE: AAN) were gapping up Wednesday morning with an open price 12.8% higher than Tuesday's closing price. The stock closed at $20.37 Tuesday and opened today's trading at $22.97. The average volume for Aaron's has been 339,400 shares per day over the past 30 days. Aaron's has a market cap of $234.2 million and is part of the services sector and specialty retail industry.

Aaron's, Inc. operates as a specialty retailer of consumer electronics, computers, residential and office furniture, household appliances, and accessories in the United States and Canada. The company has a P/E ratio of 14.6, equal to the average specialty retail industry P/E ratio and below the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Aaron's as a buy. 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, attractive valuation levels, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Aaron's Ratings Report.

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