Scotts Miracle Gro Stock Gaps Down On Today's Open (SMG)

NEW YORK ( TheStreet) -- Shares of Scotts Miracle Gro (NYSE: SMG) were gapping down Tuesday morning with an open price 12.7% lower than Monday's closing price. The stock closed at $55 Monday and opened today's trading at $48.

The average volume for Scotts Miracle Gro has been 522,200 shares per day over the past 30 days. Scotts Miracle Gro has a market cap of $3.24 billion and is part of the basic materials sector and chemicals industry. Shares are up 17.8% year to date as of the close of trading on Monday.

The Scotts Miracle-Gro Company manufactures and markets lawn and garden care products worldwide. The company has a P/E ratio of 18.9, below the average chemicals industry P/E ratio of 22.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Scotts Miracle Gro as a hold. The company's strongest point has been its very decent return on equity which we feel should persist. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, generally poor debt management and poor profit margins. You can view the full Scotts Miracle Gro Ratings Report.

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