Triple-S Management Stock Gaps Up On Today's Open (GTS)
Shares of Triple-S Management Corporation (NYSE:GTS) were gapping up Wednesday morning with an open price 175.1% higher than Tuesday's closing price. The stock closed at $22.25 yesterday and opened today's trading at $61.21.
NEW YORK ( TheStreet) -- Shares of Triple-S Management Corporation (NYSE: GTS) were gapping up Wednesday morning with an open price 175.1% higher than Tuesday's closing price. The stock closed at $22.25 Tuesday and opened today's trading at $61.21. The average volume for Triple-S Management has been 85,200 shares per day over the past 30 days. Triple-S Management has a market cap of $415.2 million and is part of the financial sector and insurance industry. Shares are up 11.1% year to date as of the close of trading on Tuesday. Triple-S Management Corporation, through its subsidiaries, operates as a managed care company in Puerto Rico. It provides health benefits services to subscribers through contracts with hospitals, physicians, dentists, laboratories, and other organizations. The company has a P/E ratio of 10.9, above the average insurance industry P/E ratio of 10.5 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Triple-S Management as a buy. 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, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Triple-S Management 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.