NEW YORK (

TheStreet

) -- Shares of

Anadigics Incorporated

(Nasdaq:

ANAD

) were gapping down Tuesday morning with an open price 14% lower than Monday's closing price. The stock closed at $4.65 Monday and opened today's trading at $4.

The average volume for Anadigics has been 1.6 million shares per day over the past 30 days. Anadigics has a market cap of $305.4 million and is part of the

technology

sector and

electronics

industry. Shares are down 32.9% year to date as of the close of trading on Monday.

ANADIGICS, Inc. provides semiconductor solutions to the broadband wireless and wireline communications markets. Its products include power amplifiers, tuner integrated circuits, active splitters, line amplifiers, and other components. The company has a P/E ratio of 226.5, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

TheStreet Ratings rates Anadigics as 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 impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. You can view the full

Anadigics Ratings Report

.

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