NEW YORK ( TheStreet) -- Shares of Sutor Technology Group (Nasdaq: SUTR) have taken a tremendous swing upward. The stock is trading at $1.70 as of 12:35 p.m. ET, 28.8% above Thursday's closing price of $1.32. Volume is at 142,643, 2.7 times the daily average of 53,200.

Sutor Technology Group has a market cap of $49.7 million and is part of the basic materials sector and metals & mining industry. Shares are down 38.9% year to date as of the close of trading on Thursday.

Sutor Technology Group Limited engages in the manufacture and sale of steel products primarily in the People's Republic of China. It offers hot-dip galvanized steel, prepainted galvanized steel, acid pickled steel, and cold-rolled steel products. The company has a P/E ratio of 3.8, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sutor Technology Group as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full Sutor Technology Group Ratings Report.

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