Skywest Stock Gaps Up On Today's Open (SKYW)

NEW YORK ( TheStreet) -- Shares of Skywest Incorporated (Nasdaq: SKYW) were gapping up Wednesday morning with an open price 18.6% higher than Tuesday's closing price. The stock closed at $8.77 Tuesday and opened today's trading at $10.40.

The average volume for Skywest has been 283,000 shares per day over the past 30 days. Skywest has a market cap of $457.8 million and is part of the services sector and transportation industry. Shares are down 30.3% year to date as of the close of trading on Tuesday.

SkyWest, Inc., through its subsidiaries, operates as a regional airline in the United States.

TheStreet Ratings rates Skywest as a hold. Among the primary strengths of the company is its robust revenue growth -- not just in the most recent periods but in previous quarters as well. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Skywest Ratings Report.

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