Handy & Harman Stock Soars (HNH)

NEW YORK ( TheStreet) -- Shares of Handy & Harman (Nasdaq: HNH) have taken a tremendous swing upward. The stock is trading at $12.06 as of 3:57 p.m. ET, 20.6% above Monday's closing price of $10. Volume is at 54,888, one times the daily average of 55,300.

Handy & Harman has a market cap of $148.8 million and is part of the industrial goods sector and industrial industry. Shares are unchanged year to date as of the close of trading on Monday.

Handy & Harman Ltd. engages in precious metals, tubing, and engineered materials businesses in the United States and internationally. The company has a P/E ratio of 25.6, above the average industrial industry P/E ratio of 11.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Handy & Harman as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and robust revenue growth. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow. You can view the full Handy & Harman Ratings Report.

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