Shares of Daktronics (Nasdaq:DAKT) were gapping up Wednesday morning with an open price 13.9% higher than Tuesday's closing price. The stock closed at $10.75 yesterday and opened today's trading at $12.24.
NEW YORK ( TheStreet) -- Shares of Daktronics (Nasdaq: DAKT) were gapping up Wednesday morning with an open price 13.9% higher than Tuesday's closing price. The stock closed at $10.75 Tuesday and opened today's trading at $12.24. The average volume for Daktronics has been 165,800 shares per day over the past 30 days. Daktronics has a market cap of $419.8 million and is part of the industrial goods sector and industrial industry. Shares are down 32.5% year to date as of the close of trading on Tuesday. Daktronics, Inc., together with its subsidiaries, engages in the design, manufacture, and sale of various electronic display systems and related products, as well as the rendering of related maintenance and professional services worldwide. The company has a P/E ratio of 67.3, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Daktronics as a hold. 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 and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Daktronics 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.