NEW YORK (

TheStreet

) -- Shares of

Sykes

(Nasdaq:

SYKE

) were gapping up Tuesday morning with an open price 12.4% higher than Monday's closing price. The stock closed at $19.91 Monday and opened today's trading at $22.37.

The average volume for Sykes has been 270,000 shares per day over the past 30 days. Sykes has a market cap of $935.4 million and is part of the

technology

sector and

computer software & services

industry. Shares are down 1.7% year to date as of the close of trading on Monday.

Sykes Enterprises, Incorporated, together with its subsidiaries, provides outsourced customer contact management solutions and services in the business process outsourcing arena. The company has a P/E ratio of 46.6, above the S&P 500 P/E ratio of 17.1.

TheStreet Ratings rates Sykes as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, robust revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full

Sykes Ratings Report

.

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