Seagate Technology Stock Gaps Up On Today's Open (STX)
NEW YORK (
) -- Shares of
(Nasdaq:
) were gapping up Wednesday morning with an open price 11.6% higher than Tuesday's closing price. The stock closed at $21.14 Tuesday and opened today's trading at $23.59.
The average volume for Seagate Technology has been 10.2 million shares per day over the past 30 days. Seagate Technology has a market cap of $8.29 billion and is part of the
sector and
industry. Shares are up 28.9% year to date as of the close of trading on Tuesday.
Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise, client compute, and client non-compute market applications worldwide. The company has a P/E ratio of 19, above the average computer hardware industry P/E ratio of 18 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Seagate Technology as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow. You can view the full
Seagate Technology Ratings Report
.
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