Symmetry Medical Stock Gaps Down On Today's Open (SMA)
Shares of Symmetry Medical (NYSE:SMA) were gapping down Thursday morning with an open price 17% lower than Wednesday's closing price. The stock closed at $10 yesterday and opened today's trading at $8.30.
NEW YORK ( TheStreet) -- Shares of Symmetry Medical (NYSE: SMA) were gapping down Thursday morning with an open price 17% lower than Wednesday's closing price. The stock closed at $10 Wednesday and opened today's trading at $8.30. The average volume for Symmetry Medical has been 214,100 shares per day over the past 30 days. Symmetry Medical has a market cap of $347.4 million and is part of the health care sector and health services industry. Shares are up 8.1% year to date as of the close of trading on Wednesday. Symmetry Medical Inc. designs, develops, and produces implants and related surgical instruments and cases to orthopedic device manufacturers worldwide. The company has a P/E ratio of 25.1, above the average health services industry P/E ratio of 24.5 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Symmetry Medical as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Symmetry Medical 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.