NEW YORK (

TheStreet

) -- Shares of

Mad Catz Interactive

(AMEX:

MCZ

) were gapping up Wednesday morning with an open price 22.2% higher than Tuesday's closing price. The stock closed at 81 cents Tuesday and opened today's trading at 99 cents.

The average volume for Mad Catz Interactive has been 1.1 million shares per day over the past 30 days. Mad Catz Interactive has a market cap of $49.5 million and is part of the

consumer goods

sector and

consumer durables

industry. Shares are down 20.6% year to date as of the close of trading on Tuesday.

Mad Catz Interactive, Inc. designs, manufactures, markets, sells, and distributes accessories for videogame platforms and personal computers (PC), as well as for iPod and other audio devices. The company has a P/E ratio of 4.9, below the average consumer durables industry P/E ratio of six and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Mad Catz Interactive as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and generally poor debt management. You can view the full

Mad Catz Interactive Ratings Report

.

Get more investment ideas from our

investment research center

.

Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting

UP

to 95370 or select from

multiple alert options

.

null