Realpage Stock Gaps Down On Today's Open (RP)

NEW YORK (TheStreet) -- Shares of Realpage (Nasdaq:RP) were gapping down Friday morning with an open price 10.8% lower than Thursday's closing price. The stock closed at $24.19 Thursday and opened today's trading at $21.57.

The average volume for Realpage has been 182,500 shares per day over the past 30 days. Realpage has a market cap of $1.96 billion and is part of the technology sector and computer software & services industry. Shares are down 4.3% year to date as of the close of trading on Thursday.

RealPage, Inc. provides property management software solutions for the rental housing industry in the North America. The company's solutions enable owners and managers to manage their marketing, pricing, screening, leasing, accounting, purchasing, and other property operations.

TheStreet Ratings rates Realpage as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that net income has been generally deteriorating over time. You can view the full Realpage Ratings Report.

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