Shares of Thor Industries (NYSE:THO) were gapping up Thursday morning with an open price 10.6% higher than Wednesday's closing price. The stock closed at $20.31 yesterday and opened today's trading at $22.47.
NEW YORK ( TheStreet) -- Shares of Thor Industries (NYSE: THO) were gapping up Thursday morning with an open price 10.6% higher than Wednesday's closing price. The stock closed at $20.31 Wednesday and opened today's trading at $22.47. The average volume for Thor has been 668,300 shares per day over the past 30 days. Thor has a market cap of $1.2 billion and is part of the consumer goods sector and automotive industry. Shares are down 40.2% year to date as of the close of trading on Wednesday. Thor Industries, Inc., together with its subsidiaries, manufactures and sells a range of recreation vehicles and small and mid-size buses, as well as related parts and accessories in the United States and Canada. The company has a P/E ratio of 10.5, equal to the average automotive industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Thor as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Thor 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.