Shares of Lihua International (Nasdaq:LIWA) have taken a tremendous swing upward. The stock is trading at $5.44 as of 2 p.m. ET, 23.9% above Monday's closing price of $4.39. Volume is at 327,980, 2.1 times the daily average of 157,000.
NEW YORK ( TheStreet) -- Shares of Lihua International (Nasdaq: LIWA) have taken a tremendous swing upward. The stock is trading at $5.44 as of 2 p.m. ET, 23.9% above Monday's closing price of $4.39. Volume is at 327,980, 2.1 times the daily average of 157,000. Lihua International has a market cap of $181.7 million and is part of the basic materials sector and metals & mining industry. Shares are down 7.8% year to date as of the close of trading on Monday. Lihua International, Inc., through its subsidiaries, engages in the production of copper replacement cable and wire products in the People's Republic of China. The company has a P/E ratio of 2.4, below the average metals & mining industry P/E ratio of 3.6 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Lihua International as a hold. 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 and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full Lihua International 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.