Openwave Systems Stock Gaps Down On Today's Open (OPWV)

NEW YORK ( TheStreet) -- Shares of Openwave Systems (Nasdaq: OPWV) were gapping down Tuesday morning with an open price 10.4% lower than Monday's closing price. The stock closed at $2.21 Monday and opened today's trading at $1.98.

The average volume for Openwave Systems has been 633,100 shares per day over the past 30 days. Openwave Systems has a market cap of $191.7 million and is part of the technology sector and computer software & services industry. Shares are up 4.2% year to date as of the close of trading on Monday.

Openwave Systems Inc. provides software solutions for the communications and media industries in North America, Latin America, Europe, Africa, the Middle East, and the Asia-Pacific.

TheStreet Ratings rates Openwave Systems as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share. You can view the full Openwave Systems Ratings Report.

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