NEW YORK ( TheStreet) -- Shares of China Gengsheng Minerals (AMEX: CHGS) were gapping up Wednesday morning with an open price 10.2% higher than Tuesday's closing price. The stock closed at $3.04 Tuesday and opened today's trading at $3.35. The average volume for China Gengsheng has been 1.9 million shares per day over the past 30 days. China Gengsheng has a market cap of $73.6 million and is part of the basic materials sector and metals & mining industry.

China GengSheng Minerals, Inc., through its subsidiaries, develops, manufactures, and sells a range of mineral-based heat-resistant products, including monolithic refractories, industrial ceramics, fracture proppants, and fine precision abrasives. The company has a P/E ratio of 21.6, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates China Gengsheng as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full China Gengsheng Ratings Report.

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