Identive Group Stock Gaps Down On Today's Open (INVE)
Shares of Identive Group (Nasdaq:INVE) were gapping down Tuesday morning with an open price 13.3% lower than Monday's closing price. The stock closed at $2.94 yesterday and opened today's trading at $2.55.
NEW YORK ( TheStreet) -- Shares of Identive Group (Nasdaq: INVE) were gapping down Tuesday morning with an open price 13.3% lower than Monday's closing price. The stock closed at $2.94 Monday and opened today's trading at $2.55. The average volume for Identive Group has been 1.5 million shares per day over the past 30 days. Identive Group has a market cap of $147.1 million and is part of the technology sector and computer hardware industry. Shares are up 16.7% year to date as of the close of trading on Monday. 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 the company's return on equity has been disappointing. You can view the full Identive Group Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.