Shares of Wabash National Corporation (NYSE:WNC) were gapping up Tuesday morning with an open price 10.9% higher than Monday's closing price. The stock closed at $9.78 yesterday and opened today's trading at $10.85.
NEW YORK ( TheStreet) -- Shares of Wabash National Corporation (NYSE: WNC) were gapping up Tuesday morning with an open price 10.9% higher than Monday's closing price. The stock closed at $9.78 Monday and opened today's trading at $10.85. The average volume for Wabash has been 923,200 shares per day over the past 30 days. Wabash has a market cap of $605.8 million and is part of the consumer goods sector and automotive industry. Shares are up 24.7% year to date as of the close of trading on Monday. Wabash National Corporation engages in designing, manufacturing, and marketing standard and customized truck trailers, intermodal equipment, and transportation related products in North America. It operates in three segments: Commercial Trailer Products, Diversified Products, and Retail. The company has a P/E ratio of 43.7, above the average automotive industry P/E ratio of 12.8 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Wabash as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Wabash 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.