Shares of Schawk (NYSE:SGK) have taken a tremendous swing upward. The stock is trading at $10.86 as of 3:56 p.m. ET, 20.5% above Monday's closing price of $9.01. Volume is at 38,535, 0.8 times the daily average of 47,200.
NEW YORK ( TheStreet) -- Shares of Schawk (NYSE: SGK) have taken a tremendous swing upward. The stock is trading at $10.86 as of 3:56 p.m. ET, 20.5% above Monday's closing price of $9.01. Volume is at 38,535, 0.8 times the daily average of 47,200. Schawk has a market cap of $255.4 million and is part of the technology sector and telecommunications industry. Shares are down 56.3% year to date as of the close of trading on Monday. Schawk, Inc., together with its subsidiaries, provides graphic services and solutions to clients in the consumer products packaging, retail, pharmaceutical, and advertising markets in North America, Europe, Asia, and Australia. The company has a P/E ratio of 12.3, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Schawk as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Schawk 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.
Schawk (SGK) hit a one-year high of $20.34 on Monday after Matthews International (MATW) announced it would acquire the company for an implied price of $20 a share based on Matthews' closing price on Friday, March 14, 2014. Matthews announced that Schawk's stockholders would receive $11.80 a share and 0.20582 shares of Matthews' common stock for each share of Schawk they hold, which places the value of the deal at approximately $577 million. Shortly after the announcement, though, multiple law firms announced they had begun investigations into the deal to determine whether Schawk's board of directors failed to adequately shop the company and maximize value for its shareholders.