Shares of Tim Holding Company (NYSE:TSU) were gapping up Friday morning with an open price 10.6% higher than Thursday's closing price. The stock closed at $43.68 yesterday and opened today's trading at $48.30.
NEW YORK ( TheStreet) -- Shares of Tim Holding Company (NYSE: TSU) were gapping up Friday morning with an open price 10.6% higher than Thursday's closing price. The stock closed at $43.68 Thursday and opened today's trading at $48.30. The average volume for Tim Holding has been 683,600 shares per day over the past 30 days. Tim Holding has a market cap of $10.9 billion and is part of the technology sector and telecommunications industry. Shares are up 27.9% year to date as of the close of trading on Thursday. TIM Participacoes S.A., through its subsidiaries, provides mobile telecommunications services primarily using global system for mobile communication technology in Brazil. The company has a P/E ratio of 15.4, below the average telecommunications industry P/E ratio of 85.5 and below the S&P 500 P/E ratio of 16.9. TheStreet Ratings rates Tim Holding as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and good cash flow from operations. 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 Tim Holding Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.