Shares of Smart Balance (Nasdaq:SMBL) have taken a tremendous swing upward. The stock is trading at $6.80 as of 3:45 p.m. ET, 20.4% above Wednesday's closing price of $5.65. Volume is at 1.6 million, 3.4 times the daily average of 467,000.
NEW YORK ( TheStreet) -- Shares of Smart Balance (Nasdaq: SMBL) have taken a tremendous swing upward. The stock is trading at $6.80 as of 3:45 p.m. ET, 20.4% above Wednesday's closing price of $5.65. Volume is at 1.6 million, 3.4 times the daily average of 467,000. Smart Balance has a market cap of $303 million and is part of the consumer goods sector and food & beverage industry. Shares are up 5.4% year to date as of the close of trading on Wednesday. Smart Balance, Inc., a consumer food products company, distributes various food products in the United States and internationally. The company has a P/E ratio of 44.2, below the average food & beverage industry P/E ratio of 64.3 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Smart Balance as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and feeble growth in the company's earnings per share. You can view the full Smart Balance Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.
Smart Balance (Nasdaq:SMBL) hit a new 52-week high Friday as it is currently trading at $9.11, above its previous 52-week high of $9 with 451,042 shares traded as of 10:35 a.m. ET. Average volume has been 394,400 shares over the past 30 days.