NEW YORK ( TheStreet) -- Shares of China TechFaith Wireless Comm Tech (Nasdaq: CNTF) were gapping up Tuesday morning with an open price 11.7% higher than Monday's closing price. The stock closed at $5.73 Monday and opened today's trading at $6.40. The average volume for China TechFaith Wireless Comm Tech has been 334,200 shares per day over the past 30 days. China TechFaith Wireless Comm Tech has a market cap of $249.2 million and is part of the technology sector and telecommunications industry. Shares are up 36.4% year to date as of the close of trading on Monday. China Techfaith Wireless Communication Technology Limited, together with its subsidiaries, operates as an original developed products provider that is focused on the original design and sale of mobile phones in the People's Republic of China and internationally. The company has a P/E ratio of 11.5, below the average telecommunications industry P/E ratio of 12.8 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates China TechFaith Wireless Comm Tech as a buy. 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full China TechFaith Wireless Comm Tech 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.