Shares of Nordson Corporation (Nasdaq:NDSN) were gapping up Tuesday morning with an open price 10.2% higher than Monday's closing price. The stock closed at $49 yesterday and opened today's trading at $54.
NEW YORK ( TheStreet) -- Shares of Nordson Corporation (Nasdaq: NDSN) were gapping up Tuesday morning with an open price 10.2% higher than Monday's closing price. The stock closed at $49 Monday and opened today's trading at $54. The average volume for Nordson has been 334,000 shares per day over the past 30 days. Nordson has a market cap of $3.13 billion and is part of the industrial goods sector and industrial industry. Shares are up 17% year to date as of the close of trading on Monday. Nordson Corporation engineers, manufactures, and markets products and systems for precision dispensing, testing and inspection, fluid management, surface treatment, and curing. The company has a P/E ratio of 15.3, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Nordson as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Nordson Ratings Report. Get more investment ideas from our investment research center.