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TheStreet Wire

Zogenix Stock Gaps Down On Today's Open (ZGNX)

By TheStreet Wire 03/09/12 - 08:56 AM EST

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

NEW YORK (TheStreet) -- Shares of Zogenix (Nasdaq:ZGNX) were gapping down Friday morning with an open price 15.7% lower than Thursday's closing price. The stock closed at $2.49 Thursday and opened today's trading at $2.10.

The average volume for Zogenix has been 406,400 shares per day over the past 30 days. Zogenix has a market cap of $161.7 million and is part of the health care sector and drugs industry. Shares are up 12.2% year to date as of the close of trading on Thursday.

Zogenix, Inc., a pharmaceutical company, engages in the development and commercialization of products for the treatment of central nervous system disorders and pain. The company has a P/E ratio of 0.1, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Zogenix as a sell. Among the areas we feel are negative, one of the most important has been poor debt management on most measures. You can view the full Zogenix Ratings Report.

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