Shares of SciClone Pharmaceuticals (Nasdaq:SCLN) were gapping up Wednesday morning with an open price 18.3% higher than Tuesday's closing price. The stock closed at $5.24 yesterday and opened today's trading at $6.20.
NEW YORK ( TheStreet) -- Shares of SciClone Pharmaceuticals (Nasdaq: SCLN) were gapping up Wednesday morning with an open price 18.3% higher than Tuesday's closing price. The stock closed at $5.24 Tuesday and opened today's trading at $6.20. The average volume for SciClone has been 213,600 shares per day over the past 30 days. SciClone has a market cap of $266.1 million and is part of the health care sector and drugs industry. Shares are up 22.1% year to date as of the close of trading on Tuesday. SciClone Pharmaceuticals, Inc. engages in the development and commercialization of novel therapeutics for the treatment of oncology, infectious diseases, cardiovascular, urological, respiratory, and central nervous system disorders in the People's Republic of China and internationally. The company has a P/E ratio of 14.3, above the average drugs industry P/E ratio of 12.6 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates SciClone as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full SciClone 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.