Shares of Prestige Brands Holdings (NYSE:PBH) were gapping up Tuesday morning with an open price 23% higher than Friday's closing price. The stock closed at $13.50 yesterday and opened today's trading at $16.60.
NEW YORK ( TheStreet) -- Shares of Prestige Brands Holdings (NYSE: PBH) were gapping up Tuesday morning with an open price 23% higher than Friday's closing price. The stock closed at $13.50 Friday and opened today's trading at $16.60. The average volume for Prestige has been 259,100 shares per day over the past 30 days. Prestige has a market cap of $617.3 million and is part of the health care sector and drugs industry. Shares are up 19.8% year to date as of the close of trading on Friday. Prestige Brands Holdings, Inc., together with its subsidiaries, engages in marketing, selling, and distributing over-the-counter healthcare and household cleaning products primarily in North America. The company has a P/E ratio of 15.7, below the average drugs industry P/E ratio of 17 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Prestige as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, impressive record of earnings per share growth and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Prestige 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.