Shares of Online Resources Corporation (Nasdaq:ORCC) were gapping down Wednesday morning with an open price 30.4% lower than Tuesday's closing price. The stock closed at $6.05 yesterday and opened today's trading at $4.21.
NEW YORK ( TheStreet) -- Shares of Online Resources Corporation (Nasdaq: ORCC) were gapping down Wednesday morning with an open price 30.4% lower than Tuesday's closing price. The stock closed at $6.05 Tuesday and opened today's trading at $4.21. The average volume for Online has been 210,700 shares per day over the past 30 days. Online has a market cap of $195 million and is part of the technology sector and internet industry. Shares are up 30.1% year to date as of the close of trading on Tuesday. Online Resources Corporation provides outsource and Web-and phone-based financial technology services to financial institution, biller, card issuer, and creditor clients in the United States. TheStreet Ratings rates Online as 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 solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity. You can view the full Online 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.