Pacer International Stock Gaps Up On Today's Open (PACR)
Shares of Pacer International (Nasdaq:PACR) were gapping up Thursday morning with an open price 14.6% higher than Wednesday's closing price. The stock closed at $4.80 yesterday and opened today's trading at $5.50.
NEW YORK ( TheStreet) -- Shares of Pacer International (Nasdaq: PACR) were gapping up Thursday morning with an open price 14.6% higher than Wednesday's closing price. The stock closed at $4.80 Wednesday and opened today's trading at $5.50. The average volume for Pacer International has been 309,200 shares per day over the past 30 days. Pacer International has a market cap of $164.4 million and is part of the services sector and transportation industry. Shares are down 29.8% year to date as of the close of trading on Wednesday. Pacer International, Inc. operates as an asset-light freight transportation and third-party logistics provider primarily in North America, Asia, Europe, Australia, South America, and Africa. It operates in two segments, Intermodal and Logistics. The company has a P/E ratio of 47, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Pacer International as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. 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 Pacer 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.