NEW YORK ( TheStreet) -- Shares of China Gengsheng Minerals (AMEX: CHGS) were gapping up Tuesday morning with an open price 18% higher than Monday's closing price. The stock closed at $2.94 Monday and opened today's trading at $3.47.

The average volume for China Gengsheng has been 2.1 million shares per day over the past 30 days. China Gengsheng has a market cap of $70.2 million and is part of the basic materials sector and metals & mining industry. Shares are down 42.9% year to date as of the close of trading on Monday.

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 20.6, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

TheStreet Ratings rates China Gengsheng as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. 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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