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Rediff.com India Stock Gaps Down On Today's Open (REDF)

By TheStreet Wire 01/25/12 - 09:53 AM EST

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

NEW YORK (TheStreet) -- Shares of Rediff.com India (Nasdaq:REDF) were gapping down Wednesday morning with an open price 11.3% lower than Tuesday's closing price. The stock closed at $8.80 Tuesday and opened today's trading at $7.81.

The average volume for Rediff.com India has been 480,000 shares per day over the past 30 days. Rediff.com India has a market cap of $249.7 million and is part of the technology sector and internet industry. Shares are up 15.5% year to date as of the close of trading on Tuesday.

Rediff.com India Limited provides online Internet based services in India and to the global Indian community.

TheStreet Ratings rates Rediff.com India as a sell. Among the areas we feel are negative, one of the most important has been unimpressive growth in net income over time. You can view the full Rediff.com India Ratings Report.

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