NEW YORK (

TheStreet

) -- Shares of

OmniVision Technologies

(Nasdaq:

OVTI

) were gapping up Friday morning with an open price 20.5% higher than Thursday's closing price. The stock closed at $23.85 Thursday and opened today's trading at $28.74.

The average volume for OmniVision has been 1.8 million shares per day over the past 30 days. OmniVision has a market cap of $1.3 billion and is part of the

technology

sector and

electronics

industry. Shares are down 19.4% year to date as of the close of trading on Thursday.

OmniVision Technologies, Inc. designs, develops, and markets semiconductor image-sensor devices. The company has a P/E ratio of 18.6, below the average electronics industry P/E ratio of 23.8 and below the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates OmniVision as a buy. 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, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

OmniVision Ratings Report

.

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