Shares of Industrial Services of America (Nasdaq:IDSA) have taken a tremendous swing upward. The stock is trading at $6.98 as of 1:56 p.m. ET, 21% above Wednesday's closing price of $5.77. Volume is at 57,220, two times the daily average of 28,300.
NEW YORK ( TheStreet) -- Shares of Industrial Services of America (Nasdaq: IDSA) have taken a tremendous swing upward. The stock is trading at $6.98 as of 1:56 p.m. ET, 21% above Wednesday's closing price of $5.77. Volume is at 57,220, two times the daily average of 28,300. Industrial Services of America has a market cap of $43.7 million and is part of the services sector and diversified services industry. Shares are down 53.1% year to date as of the close of trading on Wednesday. Industrial Services of America, Inc. engages in ferrous and non-ferrous scrap metal recycling and waste management services in the United States and Canada. The company operates through two segments, Recycling and Waste Services. The company has a P/E ratio of 6.7, above the average diversified services industry P/E ratio of five and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Industrial Services of America as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Industrial Services of America 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.