NEW YORK (

TheStreet

) -- Shares of

Abiomed

(Nasdaq:

ABMD

) were gapping up Friday morning with an open price 13% higher than Thursday's closing price. The stock closed at $19.24 Thursday and opened today's trading at $21.75.

The average volume for Abiomed has been 303,400 shares per day over the past 30 days. Abiomed has a market cap of $696.9 million and is part of the

health care

sector and

health services

industry. Shares are up 4.2% year to date as of the close of trading on Thursday.

Abiomed, Inc. provides medical devices in circulatory support and continuum of care in heart recovery to acute heart failure patients.

TheStreet Ratings rates Abiomed as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full

Abiomed Ratings Report

.

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