NEW YORK ( TheStreet) -- Shares of Tempur-Pedic International (NYSE: TPX) were gapping up Friday morning with an open price 12.6% higher than Thursday's closing price. The stock closed at $50.99 Thursday and opened today's trading at $57.41. The average volume for Tempur-Pedic International has been one million shares per day over the past 30 days. Tempur-Pedic International has a market cap of $3.5 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 27.3% year to date as of the close of trading on Thursday. Tempur-Pedic International Inc. manufactures, markets, and sells bedding products worldwide. Its products include pillows, mattresses, and adjustable beds, as well as various cushions and other comfort products. The company has a P/E ratio of 23.8, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 16.8. TheStreet Ratings rates Tempur-Pedic International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Tempur-Pedic International Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.
More from Markets
Dow Higher on Renewed Hope for U.S.-China Trade Pact, Earnings Optimism
Stocks are rising, bolstered by potential progress in the U.S.-China trade war and optimism about upcoming earnings reports.
This Recent IPO Has Held Up Well and Is My Stock of the Week
While the majority of other IPOs have struggled, this stock is in a position to test recent highs.
Jim Cramer: There Was Nothing Revelatory In Halliburton's Earnings
Jim Cramer has some thoughts around Halliburton's quarter.
Avoid These Stocks as India's Economy Experiences Crunch
The world's fastest-growing major nation has suddenly seen growth lurch lower. That's putting households, farmers and companies off big-ticket purchases such as vehicles.