Conceptus Stock Gaps Down On Today's Open (CPTS)

NEW YORK (TheStreet) -- Shares of Conceptus (Nasdaq:CPTS) were gapping down Wednesday morning with an open price 13.9% lower than Tuesday's closing price. The stock closed at $15.09 Tuesday and opened today's trading at $13.

The average volume for Conceptus has been 220,500 shares per day over the past 30 days. Conceptus has a market cap of $464.8 million and is part of the health care sector and health services industry. Shares are up 9.3% year to date as of the previous trading day's close.

Conceptus, Inc. designs, develops, and markets minimally invasive devices for reproductive medical applications. It offers Essure, a permanent birth control system for women. The company has a P/E ratio of 5.8, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Conceptus as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full Conceptus Ratings Report.

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