NEW YORK ( TheStreet) -- Shares of EMS Technologies (Nasdaq: ELMG) were gapping up Tuesday morning with an open price 10.7% higher than Monday's closing price. The stock closed at $20.77 Monday and opened today's trading at $23.

The average volume for EMS has been 54,300 shares per day over the past 30 days. EMS has a market cap of $319.6 million and is part of the technology sector and telecommunications industry. Shares are up 5% year to date as of the close of trading on Monday.

EMS Technologies, Inc. designs, manufactures, and sells wireless communications products to satellite and wireless communications markets for commercial and defense applications in the United States and internationally. The company has a P/E ratio of 22.8, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 16.5.

TheStreet Ratings rates EMS as a buy. 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full EMS Ratings Report.

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