NEW YORK ( TheStreet) -- Shares of Chicago Bridge & Iron Company (NYSE: CBI) were gapping up Wednesday morning with an open price 10.2% higher than Tuesday's closing price. The stock closed at $34.47 Tuesday and opened today's trading at $38.

The average volume for Chicago Bridge has been 1.3 million shares per day over the past 30 days. Chicago Bridge has a market cap of $3.6 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 10.3% year to date as of the close of trading on Tuesday.

Chicago Bridge & Iron Company N.V. provides engineering, procurement, and construction (EPC) services, as well as process technology solutions primarily to energy and natural resource industries. The company has a P/E ratio of 16, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chicago Bridge 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, compelling growth in net income 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 Chicago Bridge 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.
null