NEW YORK (

TheStreet

) -- Shares of

Powerwave Technologies

(Nasdaq:

PWAV

) were gapping down Monday morning with an open price 11.6% lower than Friday's closing price. The stock closed at $1.90 Friday and opened today's trading at $1.68.

The average volume for Powerwave has been 2.9 million shares per day over the past 30 days. Powerwave has a market cap of $331.6 million and is part of the

technology

sector and

telecommunications

industry. Shares are down 25.2% year to date as of the close of trading on Friday.

Powerwave Technologies, Inc. engages in the design, manufacture, marketing, and sale of wireless solutions for wireless communications networks worldwide. The company has a P/E ratio of 28, below the average telecommunications industry P/E ratio of 32.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Powerwave as a

sell

. The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow and generally weak debt management. You can view the full

Powerwave Ratings Report

.

Get more investment ideas from our

investment research center

.

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

DOWN

to 95370 or select from

multiple alert options

.

null