Shares of Omega Protein Corporation (NYSE:OME) have taken a tremendous swing upward. The stock is trading at $12.34 as of 3:52 p.m. ET, 20.3% above Monday's closing price of $10.26. Volume is at 375,771, 1.6 times the daily average of 232,900.
NEW YORK ( TheStreet) -- Shares of Omega Protein Corporation (NYSE: OME) have taken a tremendous swing upward. The stock is trading at $12.34 as of 3:52 p.m. ET, 20.3% above Monday's closing price of $10.26. Volume is at 375,771, 1.6 times the daily average of 232,900. Omega Protein has a market cap of $216.6 million and is part of the consumer goods sector and food & beverage industry. Shares are up 26.7% year to date as of the close of trading on Monday. Omega Protein Corporation processes, markets, and distributes fish meal and fish oil products in the United States. It produces and sells various protein and oil products derived from menhaden, a species of wild herring-like fish found along the Gulf of Mexico and Atlantic coasts. The company has a P/E ratio of 4.9, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Omega Protein 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, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Omega Protein Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.