Shares of Sutor Technology Group (Nasdaq:SUTR) have taken a tremendous swing upward. The stock is trading at $1.22 as of 9:33 a.m. ET, 24.5% above Wednesday's closing price of 98 cents. Volume is at 4,877, 0.1 times the daily average of 59,400.
NEW YORK ( TheStreet) -- Shares of Sutor Technology Group (Nasdaq: SUTR) have taken a tremendous swing upward. The stock is trading at $1.22 as of 9:33 a.m. ET, 24.5% above Wednesday's closing price of 98 cents. Volume is at 4,877, 0.1 times the daily average of 59,400. Sutor Technology Group has a market cap of $39.1 million and is part of the basic materials sector and metals & mining industry. Shares are down 55.6% year to date as of the close of trading on Wednesday. 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 three, 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. 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.