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This stock caught our eyes, it's cheap, |
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rose a great deal in a day. |
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Released on Monday, December 12, 2011, 8:00 AM ET
Pittsburgh, PA (SpeculatingStocks) - Patrick Industries, Inc. (NASDAQ:PATK) is in the manufacturing and building business. Mostly their areas of expertise are kept to recreational vehicles and manufacturing of houses; however, on the firm also produces and distributes a great deal of its own products ranging from kitchen cabinetry to commercial fixtures and furnishings. But what's really nice about this company isn't its product line, but its ability to produce profits.
PATK rose over 18% this past Friday, December 9th, 2011, making for a total present price of $3.97 per share ( 4:00 PM EDT, December 9th, 2011), and reaching the new 52-week high for the stock. PATK has an EPS of $0.57 per share, and a total market capitalization of $38.75 million, making it a micro-cap company. The total price is reflected in a price that approximately 6.98 times earnings.
With a beta volatility rating around 1.98, this stock likes to move twice as much as the market on any given day, but that's O.K.; according to the MACD momentum is up, and the stocks price could continue to rise. Not only that, but the fast stochastic indicator shows an up-ward trend and the parabolic SAR has shown a series of green, under the line boxes indicating that the stock price might continue to rise.
Patrick Industries has a very small amount of total cash on hand, coming to only $240,000, but it leads to an air of stability by holding a current ratio of about 1.83. Another bonus for the company is an outstanding return on equity that is over 26%-- great for a firm this size. And on the last end, Patrick has a positive cash flow, with leveraged free amounts totaling $12.39 million.
This stock caught our eyes, it's cheap, rose a great deal in a day, so it might trend lower to revert to the market norm, but at that time—it could be another gain on the balance sheet if you work it correctly. One thing to keep in mind, the stock has a somewhat low volume, of only about 9 thousand shares a day, which could make things problematic if you want to get out of a losing position.
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