Advanced Photonix Stock Gaps Up On Today's Open (API)

NEW YORK ( TheStreet) -- Shares of Advanced Photonix (AMEX: API) were gapping up Friday morning with an open price 10.5% higher than Thursday's closing price. The stock closed at $2 Thursday and opened today's trading at $2.21.

The average volume for Advanced Photonix has been 334,900 shares per day over the past 30 days. Advanced Photonix has a market cap of $58 million and is part of the technology sector and electronics industry. Shares are up 23.5% year to date as of the close of trading on Thursday.

Advanced Photonix, Inc. engages in the development and manufacture of optoelectronic devices and sub-systems, and systems.

TheStreet Ratings rates Advanced Photonix as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Advanced Photonix Ratings Report.

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