Cost Plus Stock Gaps Up On Today's Open (CPWM)

NEW YORK ( TheStreet) -- Shares of Cost Plus (Nasdaq: CPWM) were gapping up Wednesday morning with an open price 21.9% higher than Tuesday's closing price. The stock closed at $17.99 Tuesday and opened today's trading at $21.93.

The average volume for Cost Plus has been 311,900 shares per day over the past 30 days. Cost Plus has a market cap of $408.4 million and is part of the services sector and retail industry. Shares are up 86.3% year to date as of the close of trading on Tuesday.

Cost Plus, Inc. operates as a specialty retailer of casual home furnishings and entertaining products in the United States. The company has a P/E ratio of 23.9, below the average retail industry P/E ratio of 25.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cost Plus as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Cost Plus Ratings Report.

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