Patrick Stock Soars (PATK)

NEW YORK ( TheStreet) -- Shares of Patrick Industries (Nasdaq: PATK) have taken a tremendous swing upward. The stock is trading at $10.95 as of 9:30 a.m. ET, 22.5% above Wednesday's closing price of $8.94. Volume is at 102,440, one times the daily average of 99,400.

Patrick has a market cap of $93.7 million and is part of the industrial goods sector and materials & construction industry. Shares are up 118% year to date as of the close of trading on Wednesday.

Patrick Industries, Inc. manufactures and distributes building products and materials to the recreational vehicle and manufactured housing industries in the United States and Canada. The company has a P/E ratio of 10.9, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Patrick as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full Patrick Ratings Report.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.
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