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DSP Group Stock Gaps Up On Today's Open (DSPG)

NEW YORK ( TheStreet) -- Shares of DSP Group (Nasdaq: DSPG) were gapping up Thursday morning with an open price 10.5% higher than Wednesday's closing price. The stock closed at $6.11 Wednesday and opened today's trading at $6.75.

The average volume for DSP Group has been 151,000 shares per day over the past 30 days. DSP Group has a market cap of $140 million and is part of the technology sector and telecommunications industry. Shares are down 24.9% year to date as of the close of trading on Wednesday.

DSP Group, Inc. provides wireless chipset solutions for converged communications at home. It enables consumer electronics (CE) manufacturers to develop new applications through system solutions that combine semiconductors and software with reference designs.

TheStreet Ratings rates DSP Group as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full DSP Group Ratings Report.

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