Skip to main content

NEW YORK (

TheStreet

) -- Shares of

Novatel Wireless

(Nasdaq:

NVTL

) were gapping down Friday morning with an open price 13.5% lower than Thursday's closing price. The stock closed at $6.74 Thursday and opened today's trading at $5.83.

The average volume for Novatel Wireless has been 699,900 shares per day over the past 30 days. Novatel Wireless has a market cap of $205 million and is part of the

technology

sector and

TheStreet Recommends

telecommunications

industry. Shares are down 29.4% year to date as of the close of trading on Thursday.

Novatel Wireless, Inc. provides wireless broadband access solutions for the mobile communications market worldwide. The company primarily offers third generation (3G) products.

TheStreet Ratings rates Novatel Wireless as hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full

Novatel Wireless Ratings Report

.

Get more investment ideas from our

investment research center

.

null