Shares of Avon Products (NYSE:AVP) were gapping up Monday morning with an open price 19.6% higher than Friday's closing price. The stock closed at $19.36 yesterday and opened today's trading at $23.16.
NEW YORK ( TheStreet) -- Shares of Avon Products (NYSE: AVP) were gapping up Monday morning with an open price 19.6% higher than Friday's closing price. The stock closed at $19.36 Friday and opened today's trading at $23.16. The average volume for Avon has been six million shares per day over the past 30 days. Avon has a market cap of $7.89 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 10.8% year to date as of the close of trading on Friday. Avon Products, Inc. manufactures and markets beauty and related products worldwide. The company has a P/E ratio of 16, above the average consumer non-durables industry P/E ratio of 10.8 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Avon as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Avon 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.
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