NEW YORK ( TheStreet) -- Shares of Axcelis Technologies (Nasdaq: ACLS) were gapping up Wednesday morning with an open price 13.6% higher than Tuesday's closing price. The stock closed at $1.76 Tuesday and opened today's trading at $2.

The average volume for Axcelis has been 1.7 million shares per day over the past 30 days. Axcelis has a market cap of $192.9 million and is part of the technology sector and electronics industry. Shares are down 49.1% year to date as of the close of trading on Tuesday.

Axcelis Technologies, Inc. designs, manufactures, and services ion implantation, dry strip, and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and the Asia Pacific.

TheStreet Ratings rates Axcelis as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures 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 Axcelis Ratings Report.

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