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TheStreet Wire

GFI Group Stock Gaps Down On Today's Open (GFIG)

By TheStreet Wire 06/11/12 - 10:26 AM EDT

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

NEW YORK (TheStreet) -- Shares of GFI Group (NYSE:GFIG) were gapping down Monday morning with an open price 20% lower than Friday's closing price. The stock closed at $2.75 Friday and opened today's trading at $2.20.

The average volume for GFI Group has been 260,600 shares per day over the past 30 days. GFI Group has a market cap of $329.9 million and is part of the financial sector and financial services industry. Shares are down 35.2% year to date as of the close of trading on Friday.

GFI Group Inc. provides wholesale brokerage, clearing, electronic execution, and trading support products for financial markets.

TheStreet Ratings rates GFI Group as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. You can view the full GFI Group Ratings Report.

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