Belden Stock Gaps Up On Today's Open (BDC)

NEW YORK ( TheStreet) -- Shares of Belden (NYSE: BDC) were gapping up Thursday morning with an open price 10.8% higher than Wednesday's closing price. The stock closed at $30.37 Wednesday and opened today's trading at $33.65.

The average volume for Belden has been 344,800 shares per day over the past 30 days. Belden has a market cap of $1.4 billion and is part of the industrial goods sector and industrial industry. Shares are down 17.5% year to date as of the close of trading on Wednesday.

Belden Inc. designs, manufactures, and markets cable, connectivity, and networking products in various markets, including industrial automation, enterprise, transportation, infrastructure, and consumer electronics. The company has a P/E ratio of 15.7, above the average industrial industry P/E ratio of 10.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Belden as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Belden Ratings Report.

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