Pantry Stock Gaps Up On Today's Open (PTRY)

NEW YORK ( TheStreet) -- Shares of Pantry (Nasdaq: PTRY) were gapping up Tuesday morning with an open price 10.2% higher than Monday's closing price. The stock closed at $11.99 Monday and opened today's trading at $13.21.

The average volume for Pantry has been 192,800 shares per day over the past 30 days. Pantry has a market cap of $274.7 million and is part of the services sector and retail industry. Shares are up 1.8% year to date as of the close of trading on Monday.

The Pantry, Inc. operates a chain of convenience stores in the southeastern United States. The company's stores offer a selection of merchandise, fuel, and ancillary products and services. The company has a P/E ratio of 27.7, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Pantry as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and notable return on equity. 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 poor profit margins. You can view the full Pantry Ratings Report.

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