Shares of Orient Paper (AMEX:ONP) were gapping up Thursday morning with an open price 11.1% higher than Wednesday closing price. The stock closed at $5.61 yesterday and opened today's trading at $6.23.
NEW YORK ( TheStreet) -- Shares of Orient Paper (AMEX: ONP) were gapping up Thursday morning with an open price 11.1% higher than Wednesday's closing price. The stock closed at $5.61 Wednesday and opened today's trading at $6.23. The average volume for Orient has been 482,100 shares per day over the past 30 days. Orient has a market cap of $105.3 million and is part of the consumer goods sector and consumer non-durables industry. Orient Paper, Inc., through its subsidiary, Hebei Baoding Orient Paper Milling Company Limited, engages in the production and distribution of paper and paper products in the People's Republic of China. The company has a P/E ratio of 7.2, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 23.3. TheStreet Ratings rates Orient as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins. You can view the full Orient Ratings Report. Get more investment ideas from our investment research center.