K-Swiss Stock Gaps Down On Today's Open (KSWS)

NEW YORK ( TheStreet) -- Shares of K-Swiss (Nasdaq: KSWS) were gapping down Thursday morning with an open price 10.2% lower than Wednesday's closing price. The stock closed at $10.23 Wednesday and opened today's trading at $9.19.

The average volume for K-Swiss has been 98,500 shares per day over the past 30 days. K-Swiss has a market cap of $281.3 million and is part of the consumer goods sector and consumer non-durables industry. Shares are down 18% year to date as of the close of trading on Wednesday.

K Swiss Inc., together with its subsidiaries, engages in the design, development, and marketing of athletic footwear for sports use, fitness activities, and casual wear. The company offers its products under the K Swis and Palladium brand names.

TheStreet Ratings rates K-Swiss 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, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full K-Swiss Ratings Report.

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