Shares of Harsco Corporation (NYSE:HSC) were gapping up Thursday morning with an open price 11.1% higher than Wednesday's closing price. The stock closed at $22.22 yesterday and opened today's trading at $24.69.
NEW YORK ( TheStreet) -- Shares of Harsco Corporation (NYSE: HSC) were gapping up Thursday morning with an open price 11.1% higher than Wednesday's closing price. The stock closed at $22.22 Wednesday and opened today's trading at $24.69. The average volume for Harsco has been 792,700 shares per day over the past 30 days. Harsco has a market cap of $1.8 billion and is part of the basic materials sector and metals & mining industry. Shares are down 21.5% year to date as of the close of trading on Wednesday. Harsco Corporation provides engineered solutions to industrial customers worldwide. The company operates in four segments: Harsco Infrastructure, Harsco Metals & Minerals, Harsco Rail, and Harsco Industrial. The company has a P/E ratio of 88.6, below the average metals & mining industry P/E ratio of 105.5 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Harsco as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins. You can view the full Harsco 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.