NEW YORK ( TheStreet) -- Shares of Terex (NYSE: TEX) were gapping up Thursday morning with an open price 14% higher than Wednesday's closing price. The stock closed at $14.11 Wednesday and opened today's trading at $16.08.
The average volume for Terex has been 4.3 million shares per day over the past 30 days. Terex has a market cap of $1.59 billion and is part of the industrial goods sector and industrial industry. Shares are up 4.4% year to date as of the close of trading on Wednesday. Terex Corporation manufactures capital goods machinery products worldwide. The company has a P/E ratio of 29.4, above the average industrial industry P/E ratio of 28.2 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Terex 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 a generally disappointing performance in the stock itself, generally poor debt management and weak operating cash flow. You can view the full Terex Ratings Report. Get more investment ideas from our investment research center.