Gordman's Stores Stock Soars (GMAN)

NEW YORK ( TheStreet) -- Shares of Gordman's Stores (Nasdaq: GMAN) have taken a tremendous swing upward. The stock is trading at $18.55 as of 10:55 a.m. ET, 20.1% above Monday's closing price of $15.44. Volume is at 253,210, 6.6 times the daily average of 38,400.

Gordman's Stores has a market cap of $293.4 million and is part of the services sector and retail industry. Shares are up 22.8% year to date as of the close of trading on Monday.

Gordmans Stores, Inc. operates low price department stores under the Gordmans name in the United States. Its merchandise selection includes a range of apparel, footwear, home fashions products, and accessories, including fragrances. The company has a P/E ratio of 12.4, above the average retail industry P/E ratio of 12.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Gordman's Stores as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth and solid stock price performance. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Gordman's Stores 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.

null

More from Markets

Micron Spikes After $10 Billion Buyback Plan Caps Bullish Q3 Earnings Forecast

Micron Spikes After $10 Billion Buyback Plan Caps Bullish Q3 Earnings Forecast

Global Stocks Push Higher as China Tariff Move, Softer US Dollar Boost Sentiment

Global Stocks Push Higher as China Tariff Move, Softer US Dollar Boost Sentiment

Get to Know Stacey Cunningham, the NYSE's First Female Chief in 226 Years

Get to Know Stacey Cunningham, the NYSE's First Female Chief in 226 Years

60 Seconds: What is the Volcker Rule and How Does it Affect Your Portfolio?

60 Seconds: What is the Volcker Rule and How Does it Affect Your Portfolio?

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know