Altra Stock Gaps Down On Today's Open (AIMC)

NEW YORK ( TheStreet) -- Shares of Altra Holdings Incorporated (Nasdaq: AIMC) were gapping down Thursday morning with an open price 11.6% lower than Wednesday's closing price. The stock closed at $21.54 Wednesday and opened today's trading at $19.05.

The average volume for Altra has been 177,800 shares per day over the past 30 days. Altra has a market cap of $514 million and is part of the industrial goods sector and industrial industry. Shares are up 14.4% year to date as of the close of trading on Wednesday.

Altra Holdings, Inc., through its subsidiary, Altra Industrial Motion, Inc., designs, produces, and markets a range of mechanical power transmission and motion control products worldwide. The company has a P/E ratio of 15.6, above the average industrial industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Altra as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and generally poor debt management. You can view the full Altra Ratings Report.

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