Valmont Stock Gaps Up On Today's Open (VMI)

NEW YORK ( TheStreet) -- Shares of Valmont Industries (NYSE: VMI) were gapping up Friday morning with an open price 12.7% higher than Thursday's closing price. The stock closed at $97.56 Thursday and opened today's trading at $109.99. The average volume for Valmont has been 134,800 shares per day over the past 30 days. Valmont has a market cap of $2.5 billion and is part of the industrial goods sector and industrial industry.

Valmont Industries, Inc. produces fabricated metal products; pole and tower structures; and mechanized irrigation systems in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The company has a P/E ratio of 28.3, below the average industrial industry P/E ratio of 28.4 and above the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Valmont as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Valmont Ratings Report.

Get more investment ideas from our investment research center.

null

More from Markets

Global Stocks Hold Gains as North Korea Response on Talks Soothes Nerves

Global Stocks Hold Gains as North Korea Response on Talks Soothes Nerves

One Thing to Consider Over Memorial Day Weekend: Are Stocks About to Collapse?

One Thing to Consider Over Memorial Day Weekend: Are Stocks About to Collapse?

North Korea, Apple, GPDR and Gap - 5 Things You Must Know

North Korea, Apple, GPDR and Gap - 5 Things You Must Know

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Oil Falls Sharply After Saudi Arabia, Russia Suggest Production Cut Easing

Oil Falls Sharply After Saudi Arabia, Russia Suggest Production Cut Easing