NEW YORK ( TheStreet) -- Shares of Cepheid (Nasdaq: CPHD) were gapping up Friday morning with an open price 14.9% higher than Thursday's closing price. The stock closed at $31.63 Thursday and opened today's trading at $36.35.

The average volume for Cepheid has been 455,500 shares per day over the past 30 days. Cepheid has a market cap of $1.9 billion and is part of the technology sector and electronics industry. Shares are up 39% year to date as of the close of trading on Thursday.

Cepheid, a molecular diagnostics company, develops, manufactures, and markets integrated systems for testing in the clinical market, as well as for application in legacy biothreat, industrial, and partner markets.

TheStreet Ratings rates Cepheid as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Cepheid 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.