Shares of Valmont Industries (NYSE:VMI) were gapping up Friday morning with an open price 12.7% higher than Thursday closing price. The stock closed at $97.56 yesterday and opened today's trading at $109.99.
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.