Shares of CPI Corporation (NYSE:CPY) have taken a tremendous swing upward. The stock is trading at $1.65 as of 11:45 a.m. ET, 21.3% above Thursday's closing price of $1.36. Volume is at 847,823, 2.6 times the daily average of 321,300.
NEW YORK ( TheStreet) -- Shares of CPI Corporation (NYSE: CPY) have taken a tremendous swing upward. The stock is trading at $1.65 as of 11:45 a.m. ET, 21.3% above Thursday's closing price of $1.36. Volume is at 847,823, 2.6 times the daily average of 321,300. CPI has a market cap of $8.9 million and is part of the services sector and diversified services industry. Shares are down 24.9% year to date as of the close of trading on Thursday. CPI Corp., through its subsidiaries, engages in the manufacture and sale of professional portrait photography of young children, individuals, and families. It also offers portrait products, portrait choices, ordering options, and service offerings with digital capabilities. The company has a P/E ratio of 5.3, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates CPI as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, 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, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full CPI 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.
Shares of CPI Corporation (NYSE:CPY) were gapping down Monday morning with an open price 18.9% lower than Friday's closing price. The stock closed at $1.59 yesterday and opened today's trading at $1.29.