Arch Coal Stock Gaps Up On Today's Open (ACI)

NEW YORK ( TheStreet) -- Shares of Arch Coal (NYSE: ACI) were gapping up Friday morning with an open price 15% higher than Thursday's closing price. The stock closed at $5.26 Thursday and opened today's trading at $6.05.

The average volume for Arch Coal has been 14.2 million shares per day over the past 30 days. Arch Coal has a market cap of $1.13 billion and is part of the basic materials sector and metals & mining industry. Shares are down 63.7% year to date as of the close of trading on Thursday.

Arch Coal, Inc. engages in the production and sale of steam and metallurgical coal from surface and underground mines located in the United States. The company has a P/E ratio of 13, above the average metals & mining industry P/E ratio of 11.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Arch Coal as a hold. Among the primary strengths of the company is its robust revenue growth -- not just in the most recent periods but in previous quarters as well. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Arch Coal Ratings Report.

Get more investment ideas from our investment research center.
null