NEW YORK ( TheStreet) -- Shares of Morton's Restaurant Group (NYSE: MRT) have taken a tremendous swing upward. The stock is trading at $6.81 as of 9:35 a.m. ET, 32% above Thursday's closing price of $5.16. Volume is at 3.2 million, 129 times the daily average of 25,100.

Morton's Restaurant Group has a market cap of $87.6 million and is part of the services sector and leisure industry. Shares are down 20.1% year to date as of the close of trading on Thursday.

Morton's Restaurant Group, Inc. engages in the ownership and operation of restaurants. The company primarily operates upscale steakhouse restaurants under the Morton's The Steakhouse name; and Italian restaurants under the Trevi name. The company has a P/E ratio of 15.7, below the average leisure industry P/E ratio of 19.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Morton's Restaurant Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and poor profit margins. You can view the full Morton's Restaurant Group Ratings Report.

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