NEW YORK (

TheStreet

) -- Shares of

Longtop Financial Technologies

(NYSE:

LFT

) were gapping up Thursday morning with an open price 20.5% higher than Wednesday's closing price. The stock closed at $17.73 Wednesday and opened today's trading at $21.37.

The average volume for Longtop Financial has been 1.1 million shares per day over the past 30 days. Longtop Financial has a market cap of $1.3 billion and is part of the

technology

sector and

computer software & services

industry. Shares are down 51% year to date as of the close of trading on Wednesday.

Longtop Financial Technologies Limited, together with its subsidiaries, designs, develops, and delivers software solutions and information technology (IT) services to the financial services industry in the People's Republic of China. The company has a P/E ratio of 17.4, above the S&P 500 P/E ratio of 16.9.

TheStreet Recommends

TheStreet Ratings rates Longtop Financial 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 growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full

Longtop Financial Ratings Report

.

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