NEW YORK ( TheStreet) -- Shares of Axcelis Technologies (Nasdaq: ACLS) were gapping up Friday morning with an open price 12.1% higher than Thursday's closing price. The stock closed at $1.41 Thursday and opened today's trading at $1.58. The average volume for Axcelis has been 967,700 shares per day over the past 30 days. Axcelis has a market cap of $163.4 million and is part of the technology sector and electronics industry. Shares are down 59.2% year to date as of the close of trading on Thursday. Axcelis Technologies, Inc. designs, manufactures, and services ion implantation, dry strip, and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and the Asia Pacific. TheStreet Ratings rates Axcelis 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 find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. You can view the full Axcelis 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.