NEW YORK ( TheStreet) -- Shares of Met-Pro Corporation (NYSE: MPR) were gapping up Wednesday morning with an open price 11.1% higher than Tuesday's closing price. The stock closed at $8.39 Tuesday and opened today's trading at $9.32.

The average volume for Met-Pro has been 72,800 shares per day over the past 30 days. Met-Pro has a market cap of $120.2 million and is part of the industrial goods sector and industrial industry. Shares are down 28.4% year to date as of the close of trading on Tuesday.

Met-Pro Corporation manufactures and sells product recovery and pollution control equipment for purification of air and liquids, fluid handling equipment for corrosive, abrasive and high temperature liquids, and filtration and purification products in the United States and internationally. The company has a P/E ratio of 20.3, above the average industrial industry P/E ratio of 19.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Met-Pro 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and weak operating cash flow. You can view the full Met-Pro 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.