Shares of Park-Ohio Holdings Corporation (Nasdaq:PKOH) were gapping up Tuesday morning with an open price 11.7% higher than Monday's closing price. The stock closed at $20.01 yesterday and opened today's trading at $22.35.
NEW YORK ( TheStreet) -- Shares of Park-Ohio Holdings Corporation (Nasdaq: PKOH) were gapping up Tuesday morning with an open price 11.7% higher than Monday's closing price. The stock closed at $20.01 Monday and opened today's trading at $22.35. The average volume for Park-Ohio has been 42,500 shares per day over the past 30 days. Park-Ohio has a market cap of $229.1 million and is part of the industrial goods sector and industrial industry. Shares are down 4.3% year to date as of the previous trading day's close. Park-Ohio Holdings Corp., through its subsidiaries, operates as an industrial supply chain logistics and diversified manufacturing company in the United States, Asia, Canada, Mexico, and Europe. The company has a P/E ratio of 15, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 16.2. TheStreet Ratings rates Park-Ohio as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and poor profit margins. You can view the full Park-Ohio 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.