NEW YORK ( TheStreet) -- Shares of Longwei Petroleum Investment Holding Limite (AMEX: LPH) were gapping up Friday morning with an open price 10.5% higher than Thursday's closing price. The stock closed at $1.52 Thursday and opened today's trading at $1.68.

The average volume for Longwei Petroleum Investment Holding Limite has been 454,400 shares per day over the past 30 days. Longwei Petroleum Investment Holding Limite has a market cap of $149.3 million and is part of the services sector and wholesale industry. Shares are down 41.3% year to date as of the close of trading on Thursday.

Longwei Petroleum Investment Holding Limited, through its subsidiaries, engages in transporting, marketing, and selling finished petroleum products in the People's Republic of China. It purchases diesel, gasoline, fuel oil, and kerosene from various petroleum refineries. The company has a P/E ratio of 2.4, below the average wholesale industry P/E ratio of 2.6 and below the S&P 500 P/E ratio of 16.4.

TheStreet Ratings rates Longwei Petroleum Investment Holding Limite 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 compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Longwei Petroleum Investment Holding Limite Ratings Report.

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