Georgia Gulf Stock Gaps Down On Today's Open (GGC)
Shares of Georgia Gulf (NYSE:GGC) were gapping down Monday morning with an open price 10.2% lower than Friday's closing price. The stock closed at $34.26 yesterday and opened today's trading at $30.77.
NEW YORK ( TheStreet) -- Shares of Georgia Gulf (NYSE: GGC) were gapping down Monday morning with an open price 10.2% lower than Friday's closing price. The stock closed at $34.26 Friday and opened today's trading at $30.77. The average volume for Georgia Gulf has been 528,700 shares per day over the past 30 days. Georgia Gulf has a market cap of $1.21 billion and is part of the basic materials sector and chemicals industry. Shares are up 75.8% year to date as of the close of trading on Friday. Georgia Gulf Corporation engages in the manufacture and marketing of chemicals and building products in the United States and internationally. It operates through three segments: Chlorovinyls, Building Products, and Aromatics. The company has a P/E ratio of 15.2, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Georgia Gulf as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Georgia Gulf Ratings Report. Get more investment ideas from our investment research center.