Scotts Miracle Gro Stock Gaps Down On Today's Open (SMG)
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 yesterday and opened today's trading at $48.
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. Get more investment ideas from our investment research center.