NEW YORK (

TheStreet

) -- Shares of

Advanced Micro Devices Inc

(NYSE:

AMD

) were gapping down Thursday morning with an open price 10.7% lower than Wednesday's closing price. The stock closed at $6.15 Wednesday and opened today's trading at $5.49.

The average volume for Advanced Micro Devices has been 24.8 million shares per day over the past 30 days. Advanced Micro Devices has a market cap of $4.5 billion and is part of the

technology

sector and

electronics

industry. Shares are down 24.8% year to date as of the close of trading on Wednesday.

Advanced Micro Devices, Inc. operates as a semiconductor company in the United States, Japan, China, and Europe. The company has a P/E ratio of 5.8, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Recommends

TheStreet Ratings rates Advanced Micro Devices as a

hold

. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full

Advanced Micro Devices Ratings Report

.

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