Shares of Overhill Farms (AMEX:OFI) have taken a tremendous swing upward. The stock is trading at $5.99 as of 9:30 a.m. ET, 33.1% above Wednesday's closing price of $4.50. Volume is at 4,600, 0.2 times the daily average of 23,800.
NEW YORK ( TheStreet) -- Shares of Overhill Farms (AMEX: OFI) have taken a tremendous swing upward. The stock is trading at $5.99 as of 9:30 a.m. ET, 33.1% above Wednesday's closing price of $4.50. Volume is at 4,600, 0.2 times the daily average of 23,800. Overhill Farms has a market cap of $71.2 million and is part of the consumer goods sector and food & beverage industry. Shares are up 21.8% year to date as of the close of trading on Wednesday. Overhill Farms, Inc. engages in the manufacture of prepared frozen food products for branded retail, private label, foodservice, and airline customers primarily in the United States. The company has a P/E ratio of 75.3, above the average food & beverage industry P/E ratio of 75 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Overhill Farms as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and disappointing return on equity. You can view the full Overhill Farms 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.