Shares of Orient Paper (AMEX:ONP) have taken a tremendous swing upward. The stock is trading at $2.95 as of 10:56 a.m. ET, 20.4% above Tuesday's closing price of $2.45. Volume is at 45,051, one times the daily average of 46,000.
NEW YORK ( TheStreet) -- Shares of Orient Paper (AMEX: ONP) have taken a tremendous swing upward. The stock is trading at $2.95 as of 10:56 a.m. ET, 20.4% above Tuesday's closing price of $2.45. Volume is at 45,051, one times the daily average of 46,000. Orient has a market cap of $43.9 million and is part of the consumer goods sector and consumer non-durables industry. Shares are down 61.5% year to date as of the close of trading on Tuesday. Orient Paper, Inc., through its subsidiaries, engages in the production and distribution of paper and paper products in the People's Republic of China. The company has a P/E ratio of 2.6, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Orient as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Orient Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.