Tempur-Pedic International Stock Gaps Up On Today's Open (TPX)
Shares of Tempur-Pedic International (NYSE:TPX) were gapping up Thursday morning with an open price 15.8% higher than Wednesday's closing price. The stock closed at $26.78 yesterday and opened today's trading at $31.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Shares of Tempur-Pedic International (NYSE: TPX) were gapping up Thursday morning with an open price 15.8% higher than Wednesday's closing price. The stock closed at $26.78 Wednesday and opened today's trading at $31.
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The average volume for Tempur-Pedic International has been 1.7 million shares per day over the past 30 days. Tempur-Pedic International has a market cap of $1.64 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 47.5% year to date as of the close of trading on Wednesday. Tempur-Pedic International Inc. engages in the manufacture, marketing, and distribution of bedding products in North America and internationally. It offers mattresses, pillows, and adjustable bed bases, as well as various cushions and other comfort products. The company has a P/E ratio of nine, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Tempur-Pedic International as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Tempur-Pedic International Ratings Report. Get more investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.