NEW YORK ( TheStreet) -- Shares of Cheviot Financial Corporation (Nasdaq: CHEVD) were gapping up Wednesday morning with an open price 15.5% higher than Tuesday's closing price. The stock closed at $7.15 Tuesday and opened today's trading at $8.26. The average volume for Cheviot Financial has been 220,200 shares per day over the past 30 days. Cheviot Financial has a market cap of $0.0 and is part of the financial sector and banking industry. Shares are down 3.9% year to date as of the close of trading on Tuesday. Cheviot Financial Corp. operates as the holding company for Cheviot Savings Bank that provides a range of banking services in Ohio. The company has a P/E ratio of 23.1, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Cheviot Financial as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Cheviot Financial 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.