NEW YORK ( TheStreet) -- Shares of KBR (NYSE: KBR) were gapping up Thursday morning with an open price 24.7% higher than Wednesday's closing price. The stock closed at $22.92 Wednesday and opened today's trading at $28.57.
The average volume for KBR has been 1.8 million shares per day over the past 30 days. KBR has a market cap of $3.4 billion and is part of the services sector and diversified services industry. Shares are down 17.8% year to date as of the close of trading on Wednesday. KBR, Inc. operates as an engineering, construction, and services company worldwide. The company has a P/E ratio of 7.4, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates KBR as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full KBR Ratings Report. Get more investment ideas from our investment research center.