Shares of QKL Stores (Nasdaq:QKLS) have taken a tremendous swing upward. The stock is trading at $1.20 as of 12:34 p.m. ET, 23.7% above Wednesday's closing price of 97 cents. Volume is at 43,346, 0.9 times the daily average of 46,400.
NEW YORK ( TheStreet) -- Shares of QKL Stores (Nasdaq: QKLS) have taken a tremendous swing upward. The stock is trading at $1.20 as of 12:34 p.m. ET, 23.7% above Wednesday's closing price of 97 cents. Volume is at 43,346, 0.9 times the daily average of 46,400. QKL Stores has a market cap of $31 million and is part of the services sector and retail industry. Shares are down 72.2% year to date as of the close of trading on Wednesday. QKL Stores Inc., through its subsidiaries, operates retail chain stores in the People's Republic of China. It operates a regional supermarket chain that includes supermarkets, hypermarkets, and department stores in northeastern China and Inner Mongolia. The company has a P/E ratio of 3.2, below the average retail industry P/E ratio of 10 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates QKL Stores as a hold. The company's strengths can be seen in multiple areas, such as its robust 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 unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full QKL Stores 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.