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Ness Stock Gaps Up On Today's Open (NSTC)

By TheStreet Wire 06/13/11 - 09:58 AM EDT

Find out if (NSTC) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of Ness Technologies (Nasdaq:NSTC) were gapping up Monday morning with an open price 13.8% higher than Friday's closing price. The stock closed at $6.68 Friday and opened today's trading at $7.60.

The average volume for Ness has been 138,800 shares per day over the past 30 days. Ness has a market cap of $251.4 million and is part of the technology sector and computer software & services industry. Shares are up 12.5% year to date as of the close of trading on Friday.

Ness Technologies, Inc. provides information technology and business planning services in North America, Latin America, Europe, the Middle East, and Asia. The company has a P/E ratio of 21.3, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ness as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Ness Ratings Report.

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