Universal Forest Stock Gaps Up On Today's Open (UFPI)
Shares of Universal Forest Products (Nasdaq:UFPI) were gapping up Thursday morning with an open price 11.2% higher than Wednesday's closing price. The stock closed at $32.33 yesterday and opened today's trading at $35.94.
NEW YORK ( TheStreet) -- Shares of Universal Forest Products (Nasdaq: UFPI) were gapping up Thursday morning with an open price 11.2% higher than Wednesday's closing price. The stock closed at $32.33 Wednesday and opened today's trading at $35.94. The average volume for Universal Forest has been 102,700 shares per day over the past 30 days. Universal Forest has a market cap of $641 million and is part of the industrial goods sector and materials & construction industry. Shares are up 4.7% year to date as of the close of trading on Wednesday. Universal Forest Products, Inc., through its subsidiaries, engineers, manufactures, treats, distributes, and installs lumber, composite wood, plastic, and other building products for the DIY/retail, site-built construction, manufactured housing, and industrial markets. The company has a P/E ratio of 140.9, below the average materials & construction industry P/E ratio of 141.4 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Universal Forest 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, deteriorating net income and poor profit margins. You can view the full Universal Forest Ratings Report. Get more investment ideas from our investment research center.