Identive Group Stock Gaps Up On Today's Open (INVE)

NEW YORK ( TheStreet) -- Shares of Identive Group (Nasdaq: INVE) were gapping up Monday morning with an open price 17.6% higher than Friday's closing price. The stock closed at $3.36 Friday and opened today's trading at $3.95.

The average volume for Identive Group has been 1.1 million shares per day over the past 30 days. Identive Group has a market cap of $164.4 million and is part of the technology sector and computer hardware industry. Shares are up 33.3% year to date as of the close of trading on Friday.

Identive Group, Inc. provides products and solutions in the areas of physical and logical access control, identity management, and radio frequency identification (RFID) systems to governments, commercial and industrial enterprises, and consumers worldwide.

TheStreet Ratings rates Identive Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. 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 Identive Group Ratings Report.

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