NEW YORK ( TheStreet) -- Shares of Covenant Transportation Group (Nasdaq: CVTI) have taken a tremendous swing upward. The stock is trading at $4.67 as of two p.m. ET, 20.4% above Friday's closing price of $3.88. Volume is at 77,807, 0.9 times the daily average of 84,300. Covenant Transportation Group has a market cap of $47.7 million and is part of the services sector and transportation industry. Shares are down 59.9% year to date as of the close of trading on Friday. Covenant Transportation Group, Inc., together with its subsidiaries, offers truckload transportation and brokerage services primarily in the continental United States. The company provides long haul, dedicated, regional solo-driver, and regional temperature-controlled services. The company has a P/E ratio of 32.2, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Covenant Transportation Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins. You can view the full Covenant Transportation Group 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.