Shares of Federal Signal (NYSE:FSS) have taken a tremendous swing upward. The stock is trading at $5.69 as of 10:49 a.m. ET, 20% above Wednesday's closing price of $4.74. Volume is at 391,587, 1.7 times the daily average of 233,800.
NEW YORK ( TheStreet) -- Shares of Federal Signal (NYSE: FSS) have taken a tremendous swing upward. The stock is trading at $5.69 as of 10:49 a.m. ET, 20% above Wednesday's closing price of $4.74. Volume is at 391,587, 1.7 times the daily average of 233,800.
Federal has a market cap of $300.4 million and is part of the consumer goods sector and automotive industry. Shares are up 16.4% year to date as of the close of trading on Wednesday. Federal Signal Corporation, together with its subsidiaries, designs and manufactures a suite of products and integrated solutions in the United States, Europe, and Canada. TheStreet Ratings rates Federal as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, a generally disappointing performance in the stock itself and poor profit margins. You can view the full Federal Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.
Shareholders of Federal Signal Corp. looking to boost their income beyond the stock's 0.8% annualized dividend yield can sell the August covered call at the $17.50 strike and collect the premium based on the 55 cents bid, which annualizes to an additional 6.6% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 7.4% annualized rate in the scenario where the stock is not called away.