General Cable Stock Gaps Down On Today's Open (BGC)
Shares of General Cable Corporation (NYSE:BGC) were gapping down Tuesday morning with an open price 19.1% lower than Monday's closing price. The stock closed at $28.04 yesterday and opened today's trading at $22.69.
NEW YORK ( TheStreet) -- Shares of General Cable Corporation (NYSE: BGC) were gapping down Tuesday morning with an open price 19.1% lower than Monday's closing price. The stock closed at $28.04 Monday and opened today's trading at $22.69. The average volume for General Cable has been 1.3 million shares per day over the past 30 days. General Cable has a market cap of $1.6 billion and is part of the industrial goods sector and industrial industry. Shares are down 20.1% year to date as of the close of trading on Monday. General Cable Corporation provides copper, aluminum, and fiber optic wire and cable products worldwide. The company has a P/E ratio of 12.6, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates General Cable as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full General Cable Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.