Shares of LSB Industries (NYSE:LXU) were gapping up Thursday morning with an open price 12.2% higher than Wednesday's closing price. The stock closed at $31.38 yesterday and opened today's trading at $35.20.
NEW YORK ( TheStreet) -- Shares of LSB Industries (NYSE: LXU) were gapping up Thursday morning with an open price 12.2% higher than Wednesday's closing price. The stock closed at $31.38 Wednesday and opened today's trading at $35.20. The average volume for LSB has been 163,700 shares per day over the past 30 days. LSB has a market cap of $689.4 million and is part of the industrial goods sector and materials & construction industry. Shares are up 12% year to date as of the close of trading on Wednesday. LSB Industries, Inc., through its subsidiaries, engages in the manufacture and sale of geothermal and water source heat pumps, air handling products, and chemical products. The company operates in two segments, Climate Control Business and Chemical Business. The company has a P/E ratio of 8.6, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates LSB as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full LSB Ratings Report. Get more investment ideas from our investment research center.