Select Comfort Stock Soars (SCSS)

NEW YORK ( TheStreet) -- Shares of Select Comfort Corporation (Nasdaq: SCSS) have taken a tremendous swing upward. The stock is trading at $26.48 as of 9:30 a.m. ET, 21.6% above Wednesday's closing price of $21.77. Volume is at 176,720, 0.1 times the daily average of 1.9 million.

Select Comfort has a market cap of $1.2 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 0.4% year to date as of the close of trading on Wednesday.

Select Comfort Corporation, together with its subsidiaries, engages in the design, manufacture, marketing, distribution, and retail of adjustable-firmness mattresses and other sleep-related products primarily in the United States and Canada. The company has a P/E ratio of 18.2, above the average consumer durables industry P/E ratio of 18.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Select Comfort 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Select Comfort Ratings Report.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.

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