NEW YORK (

TheStreet

) -- Shares of

Sigma Designs

(Nasdaq:

SIGM

) were gapping down Thursday morning with an open price 11.9% lower than Wednesday's closing price. The stock closed at $11 Wednesday and opened today's trading at $9.69.

The average volume for Sigma Designs has been 263,800 shares per day over the past 30 days. Sigma Designs has a market cap of $355.5 million and is part of the

technology

sector and

electronics

industry.

Sigma Designs, Inc. provides integrated system-on-chip solutions (SoC) for the Internet protocol television (IPTV), media processor, connected home and media player, prosumer and industrial audio/video, high definition television, and PC-based add-in markets.

TheStreet Ratings rates Sigma Designs as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. You can view the full

Sigma Designs Ratings Report

.

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