NEW YORK ( TheStreet) -- Shares of J. Alexander's Corporation (Nasdaq: JAX) have taken a tremendous swing upward. The stock is trading at $9 as of 9:30 a.m. ET, 30.4% above Thursday's closing price of $6.90. Volume is at 13,800, 0.8 times the daily average of 17,900. J. Alexander's has a market cap of $39.9 million and is part of the services sector and leisure industry. Shares are up 10.4% year to date as of the close of trading on Thursday. J. Alexander's Corporation operates full-service casual dining restaurants in the United States. The company has a P/E ratio of 39, above the average leisure industry P/E ratio of 37 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates J. Alexander's as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full J. Alexander's 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.