The wholesale industry closed the day up 1.4%. China Armco Metals Inc ( CNAM), Tessco Technologies ( TESS), Navarre Corporation ( NAVR), and Ingram Micro Inc ( IM) were all decliners today within the wholesale industry with Midas Inc ( MDS) being today's featured wholesale loser. Midas Inc fell 22 cents (-2.4%) to $8.83 on light volume. Throughout the day, 37,987 shares of Midas Inc exchanged hands as compared to its average daily volume of 73,200 shares. Midas, Inc. provides retail automotive services through franchised or company-operated shops primarily in the United States, Canada, and Europe. It sells Midas, SpeeDee, and Midas-SpeeDee co-branded franchises. Midas Inc has a market cap of $128.7 million and is part of the services sector. Shares are up 10.1% year to date as of the close of trading on Monday. TheStreet Ratings rates Midas as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and weak operating cash flow.
Shares of Midas (NYSE:MDS) have taken a tremendous swing upward. The stock is trading at $11.47 as of 9:30 a.m. ET, 27.6% above Monday's closing price of $8.99. Volume is at 6.8 million, 199 times the daily average of 34,200.