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Dolby Stock Gaps Up On Today's Open (DLB)

By TheStreet Wire 05/04/12 - 09:54 AM EDT

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

NEW YORK (TheStreet) -- Shares of Dolby Laboratories (NYSE:DLB) were gapping up Friday morning with an open price 20.1% higher than Thursday's closing price. The stock closed at $37.63 Thursday and opened today's trading at $45.18.

The average volume for Dolby has been 612,600 shares per day over the past 30 days. Dolby has a market cap of $1.99 billion and is part of the technology sector and electronics industry. Shares are up 23.3% year to date as of the close of trading on Thursday.

Dolby Laboratories, Inc. provides products, services, and technologies for the entertainment industry worldwide. The company has a P/E ratio of 19.2, above the average electronics industry P/E ratio of 14.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Dolby as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Dolby Ratings Report.

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