EMS Stock Gaps Up On Today's Open (ELMG)

NEW YORK ( TheStreet) -- Shares of EMS Technologies (Nasdaq: ELMG) were gapping up Monday morning with an open price 32.5% higher than Friday's closing price. The stock closed at $24.80 Friday and opened today's trading at $32.85.

The average volume for EMS has been 81,500 shares per day over the past 30 days. EMS has a market cap of $378.6 million and is part of the technology sector and telecommunications industry. Shares are up 25.4% year to date as of the close of trading on Friday.

EMS Technologies, Inc. designs, manufactures, and sells wireless communications products to satellite and wireless communications markets for commercial and defense applications in the United States and internationally. The company has a P/E ratio of 23.7, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates EMS as a buy. 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, 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 weak operating cash flow. You can view the full EMS Ratings Report.

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