Brush Engineered Stock Gaps Up On Today's Open (BW)
Shares of Brush Engineered Materials (NYSE:BW) were gapping up Thursday morning with an open price 10.3% higher than Wednesday's closing price. The stock closed at $34.46 yesterday and opened today's trading at $38.02.
NEW YORK ( TheStreet) -- Shares of Brush Engineered Materials (NYSE: BW) were gapping up Thursday morning with an open price 10.3% higher than Wednesday's closing price. The stock closed at $34.46 Wednesday and opened today's trading at $38.02. The average volume for Brush Engineered has been 110,300 shares per day over the past 30 days. Brush Engineered has a market cap of $702.8 million and is part of the basic materials sector and metals & mining industry. Shares are down 10.8% year to date as of the close of trading on Wednesday. Brush Engineered Materials Inc. engages in the manufacture and sale of engineered materials for the telecommunications and computer, data storage, aerospace and defense, automotive electronics, industrial components, and appliance and medical markets in the United States and internationally. The company has a P/E ratio of 23.5, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 22.7. TheStreet Ratings rates Brush Engineered as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Brush Engineered Ratings Report. Get more investment ideas from our investment research center.