Shares of Cogo Group (Nasdaq:COGO) were gapping down Friday morning with an open price 29.3% lower than Thursday's closing price. The stock closed at $4.68 yesterday and opened today's trading at $3.31.
NEW YORK ( TheStreet) -- Shares of Cogo Group (Nasdaq: COGO) were gapping down Friday morning with an open price 29.3% lower than Thursday's closing price. The stock closed at $4.68 Thursday and opened today's trading at $3.31. The average volume for Cogo Group has been 438,900 shares per day over the past 30 days. Cogo Group has a market cap of $166.6 million and is part of the technology sector and electronics industry. Shares are down 47.1% year to date as of the close of trading on Thursday. Cogo Group, Inc., through its subsidiaries, provides customized module design solutions, focusing on the digital media, telecommunications equipment, and industrial business end-markets in China. The company has a P/E ratio of 9.6, below the average electronics industry P/E ratio of 10.2 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Cogo Group 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 impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full Cogo Group 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.
Shares of Cogo Group (Nasdaq:COGO) have taken a tremendous swing upward. The stock is trading at $3.30 as of 9:35 a.m. ET, 70.1% above Thursday's closing price of $1.94. Volume is at 320,220, 1.9 times the daily average of 167,100.