NEW YORK ( TheStreet) -- Shares of Ocean Bio-Chem (Nasdaq: OBCI) have taken a tremendous swing upward. The stock is trading at $2.44 as of 1:15 p.m. ET, 20.2% above Monday's closing price of $2.03. Volume is at 24,954, 1.7 times the daily average of 14,300. Ocean Bio-Chem has a market cap of $16.3 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 9.1% year to date as of the close of trading on Monday. Ocean Bio-Chem, Inc. The company has a P/E ratio of 7.6, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Ocean Bio-Chem as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Ocean Bio-Chem 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.
More from Markets
Replay: Jim Cramer on Netflix's Earnings, and His Three Keys for Earnings Season
Jim Cramer breaks down what investors need to know when it comes to Netflix, earnings season and how he's looking at the markets.
The 3 Things Jim Cramer Must See Before He'll Buy An Expensive Stock
Anything with a high P/E must have a large total addressable market, the ability to scale up its business and a wide 'moat.' One stock that fits the bill: Mastercard.
Jim Cramer: The 'Secret Sauce' Behind Mastercard's Stock
Curious about Mastercard's stock and how the company is so successful? Here's what Jim Cramer has to say about the company.
Dow Ends Higher on New York Fed President Remarks; Stocks Gain
Stocks staged a comeback late Thursday and ended a three-day losing streak after New York Federal Reserve bank president John Williams called for a fast response to economic distress.