Georgia Gulf Stock Gaps Up On Today's Open (GGC)

NEW YORK ( TheStreet) -- Shares of Georgia Gulf (NYSE: GGC) were gapping up Friday morning with an open price 34.8% higher than Thursday's closing price. The stock closed at $24.48 Thursday and opened today's trading at $33.

The average volume for Georgia Gulf has been 476,800 shares per day over the past 30 days. Georgia Gulf has a market cap of $770 million and is part of the basic materials sector and chemicals industry. Shares are up 25.6% year to date as of the close of trading on Thursday.

Georgia Gulf Corporation manufactures and markets chlorovinyl and aromatics chemicals, and vinyl-based building and home improvement products in the United States and internationally. It operates through three segments: Chlorovinyls, Building Products, and Aromatics. The company has a P/E ratio of 10.6, above the average chemicals industry P/E ratio of 10.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Georgia Gulf as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins, a generally disappointing performance in the stock itself and generally poor debt management. You can view the full Georgia Gulf Ratings Report.

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