NEW YORK (

TheStreet

) -- Shares of

Shengkai Innovations

(Nasdaq:

VALV

) were gapping down Monday morning with an open price 39.6% lower than Friday's closing price. The stock closed at $1.97 Friday and opened today's trading at $1.19.

The average volume for Shengkai Innovations has been 645,600 shares per day over the past 30 days. Shengkai Innovations has a market cap of $55.4 million and is part of the

services

sector and

wholesale

industry.

Shengkai Innovations, Inc., through its subsidiaries, designs, manufactures, and distributes ceramic valves for industrial use in the People's Republic of China.

TheStreet Ratings rates Shengkai Innovations as a

sell

. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself. You can view the full

Shengkai Innovations Ratings Report

.

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