Coleman Cable Stock Gaps Down On Today's Open (CCIX)
Shares of Coleman Cable (Nasdaq:CCIX) were gapping down Tuesday morning with an open price 11.6% lower than Monday's closing price. The stock closed at $12.98 yesterday and opened today's trading at $11.47.
NEW YORK ( TheStreet) -- Shares of Coleman Cable (Nasdaq: CCIX) were gapping down Tuesday morning with an open price 11.6% lower than Monday's closing price. The stock closed at $12.98 Monday and opened today's trading at $11.47. The average volume for Coleman Cable has been 60,600 shares per day over the past 30 days. Coleman Cable has a market cap of $177 million and is part of the industrial goods sector and industrial industry. Shares are up 49.2% year to date as of the close of trading on Monday. Coleman Cable, Inc. designs, develops, manufactures, and supplies electrical wire and cable products for consumer, commercial, and industrial applications in the United States and Canada. The company has a P/E ratio of 12.7, above the average industrial industry P/E ratio of 10.3 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Coleman Cable as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and poor profit margins. You can view the full Coleman Cable Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.
Coleman Cable (Nasdaq:CCIX) hit a new 52-week high Thursday as it is currently trading at $16.49, above its previous 52-week high of $16.23 with 10,330 shares traded as of 9:30 a.m. ET. Average volume has been 160,300 shares over the past 30 days.