EnerSys Stock Gaps Up On Today's Open (ENS)

NEW YORK ( TheStreet) -- Shares of EnerSys (NYSE: ENS) were gapping up Thursday morning with an open price 13.1% higher than Wednesday's closing price. The stock closed at $22.06 Wednesday and opened today's trading at $24.94.

The average volume for EnerSys has been 638,800 shares per day over the past 30 days. EnerSys has a market cap of $1.2 billion and is part of the industrial goods sector and industrial industry. Shares are down 31.3% year to date as of the close of trading on Wednesday.

EnerSys manufactures, markets, and distributes industrial batteries in the Americas, Europe, and Asia. It also offers related products, such as chargers, power equipment, and battery accessories, as well as related after-market and customer-support services for industrial batteries. The company has a P/E ratio of 9.6, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates EnerSys as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full EnerSys Ratings Report.

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