Is This Surging Online Pet Retailer Stock Still a Buy?
Yesterday, PetMed Express (NASDAQ: PETS), an online pet medication and supply company, saw its shares gain 33.74% on nearly 10 times the average daily volume. The company's shares skyrocketed in response to a better-than-expected fiscal second-quarter earnings report released before the opening bell Monday.
Can PetMed Express stock continue to head higher or should investors take profits after this sizable one-day gain? Let's break down the company's latest earnings report and long-term outlook to find out.
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Source Fool.com
