ModusLink Global Stock Gaps Down On Today's Open (MLNK)
Shares of ModusLink Global Solutions (Nasdaq:MLNK) were gapping down Tuesday morning with an open price 15.7% lower than Monday's closing price. The stock closed at $6.58 yesterday and opened today's trading at $5.55.
NEW YORK ( TheStreet) -- Shares of ModusLink Global Solutions (Nasdaq: MLNK) were gapping down Tuesday morning with an open price 15.7% lower than Monday's closing price. The stock closed at $6.58 Monday and opened today's trading at $5.55. The average volume for ModusLink Global has been 209,500 shares per day over the past 30 days. ModusLink Global has a market cap of $285 million and is part of the technology sector and internet industry. Shares are down 1.9% year to date as of the close of trading on Monday. ModusLink Global Solutions, Inc., through its subsidiaries, provides supply chain business process management solutions worldwide. TheStreet Ratings rates ModusLink Global as sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full ModusLink Global Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.