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 yesterday and opened today's trading at $21.93.
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. Get more investment ideas from our investment research center.
Cost Plus (Nasdaq:CPWM) hit a new 52-week high Friday as it is currently trading at $21.99, above its previous 52-week high of $21.97 with 584,014 shares traded as of 3:19 p.m. ET. Average volume has been 696,600 shares over the past 30 days.