Monotype Imaging Stock Gaps Up On Today's Open (TYPE)

NEW YORK ( TheStreet) -- Shares of Monotype Imaging Holdings (Nasdaq: TYPE) were gapping up Thursday morning with an open price 10.1% higher than Wednesday's closing price. The stock closed at $11.59 Wednesday and opened today's trading at $12.76. The average volume for Monotype Imaging has been 181,800 shares per day over the past 30 days. Monotype Imaging has a market cap of $398.6 million and is part of the technology sector and computer software & services industry.

Monotype Imaging Holdings Inc., through its subsidiaries, provides text imaging solutions worldwide. The company involves in developing, marketing, and licensing technologies and fonts for displaying and printing digital text. The company has a P/E ratio of 24.8, below the average computer software & services industry P/E ratio of 25.9 and above the S&P 500 P/E ratio of 23.3.

TheStreet Ratings rates Monotype Imaging as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Monotype Imaging Ratings Report.

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