NEW YORK (TheStreet) -- Shares of iGo (Nasdaq:IGOI) were gapping down Friday morning with an open price 13.9% lower than Thursday's closing price. The stock closed at $2.67 Thursday and opened today's trading at $2.30. The average volume for iGo has been 266,900 shares per day over the past 30 days. iGo has a market cap of $89.4 million and is part of the technology sector and computer hardware industry. Shares are down 30.5% year to date as of the close of trading on Thursday. iGo, Inc. and its subsidiaries engage in the design, development, manufacture, and distribution of power products for high-power and low-power mobile electronic devices. The company has a P/E ratio of 135.5, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 16.9. TheStreet Ratings rates iGo as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full iGo Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.
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