NEW YORK ( TheStreet) -- Shares of Saba Software (Nasdaq: SABA) were gapping down Thursday morning with an open price 18.5% lower than Wednesday's closing price. The stock closed at $9.42 Wednesday and opened today's trading at $7.68. The average volume for Saba Software has been 119,400 shares per day over the past 30 days. Saba Software has a market cap of $266.9 million and is part of the technology sector and computer software & services industry. Shares are up 53.9% year to date as of the close of trading on Wednesday. Saba Software, Inc. provides a class of people systems that combine people learning, people performance, and people collaboration solutions. TheStreet Ratings rates Saba Software as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity. You can view the full Saba Software 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.
More from Markets
Consumers Remain Confident as Economists Fret Over Quality of U.S. Data
The University of Michigan's index of consumer sentiment rises to a reading of 95.5 in February from 91.2 the prior month, contrasting with a separate report earlier this week from the Census Bureau that showed retail sales fell in December by the most in nine years.
Trading Strategies: The Banks Earnings Aren't Impressive
Here's why you shouldn't be too impressed with the banks earnings.
Ellevest CEO Sallie Krawcheck Has a Message for Wall Street
Sallie Krawcheck sits down with TheStreet to discuss the investing gap, the pay gap and her thoughts on diversity.