Shares of SureWest Communications (Nasdaq:SURW) were gapping up Tuesday morning with an open price 11.8% higher than Monday's closing price. The stock closed at $10.46 yesterday and opened today's trading at $11.69.
NEW YORK ( TheStreet) -- Shares of SureWest Communications (Nasdaq: SURW) were gapping up Tuesday morning with an open price 11.8% higher than Monday's closing price. The stock closed at $10.46 Monday and opened today's trading at $11.69. The average volume for SureWest has been 61,500 shares per day over the past 30 days. SureWest has a market cap of $141 million and is part of the technology sector and telecommunications industry. Shares are down 2.2% year to date as of the close of trading on Monday. SureWest Communications, through its subsidiaries, provides telecommunications, digital video, Internet, data, and other facilities-based communications services in northern California, the greater Kansas City, and Kansas and Missouri areas. The company has a P/E ratio of 45.5, below the average telecommunications industry P/E ratio of 47.7 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates SureWest as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full SureWest Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.
Shares of SureWest Communications (Nasdaq:SURW) have taken a tremendous swing upward. The stock is trading at $22.04 as of 9:30 a.m. ET, 41.3% above Friday's closing price of $15.59. Volume is at 27,214, 0.6 times the daily average of 47,300.