Columbus McKinnon Stock Gaps Up On Today's Open (CMCO)

NEW YORK ( TheStreet) -- Shares of Columbus McKinnon Corporation (Nasdaq: CMCO) were gapping up Thursday morning with an open price 13.5% higher than Wednesday's closing price. The stock closed at $13.88 Wednesday and opened today's trading at $15.75.

The average volume for Columbus McKinnon has been 68,400 shares per day over the past 30 days. Columbus McKinnon has a market cap of $261.2 million and is part of the industrial goods sector and industrial industry. Shares are up 6.1% year to date as of the close of trading on Wednesday.

Columbus McKinnon Corporation designs, manufactures, and markets material handling products for commercial and industrial end-user markets in the United States, Europe, Canada, and internationally. The company has a P/E ratio of 13.2, above the average industrial industry P/E ratio of 12.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Columbus McKinnon as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, attractive valuation levels, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Columbus McKinnon Ratings Report.

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