Shares of Durect Corporation (Nasdaq:DRRX) were gapping down Friday morning with an open price 25.6% lower than Thursday's closing price. The stock closed at $3.09 yesterday and opened today's trading at $2.30.
NEW YORK ( TheStreet) -- Shares of Durect Corporation (Nasdaq: DRRX) were gapping down Friday morning with an open price 25.6% lower than Thursday's closing price. The stock closed at $3.09 Thursday and opened today's trading at $2.30. The average volume for Durect has been 326,900 shares per day over the past 30 days. Durect has a market cap of $245.4 million and is part of the health care sector and drugs industry. Shares are down 10.4% year to date as of the close of trading on Thursday. DURECT Corporation focuses on the development of pharmaceutical products for pain, central nervous system disorders, cardiovascular disease, and other chronic diseases based on its proprietary drug formulations and delivery platform technologies. TheStreet Ratings rates Durect as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Durect 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.