Super Micro Computer Stock Gaps Up On Today's Open (SMCI)
Shares of Super Micro Computer (Nasdaq:SMCI) were gapping up Tuesday morning with an open price 12.8% higher than Monday's closing price. The stock closed at $12.36 yesterday and opened today's trading at $13.94.
NEW YORK ( TheStreet) -- Shares of Super Micro Computer (Nasdaq: SMCI) were gapping up Tuesday morning with an open price 12.8% higher than Monday's closing price. The stock closed at $12.36 Monday and opened today's trading at $13.94. The average volume for Super Micro Computer has been 212,000 shares per day over the past 30 days. Super Micro Computer has a market cap of $530.1 million and is part of the technology sector and computer hardware industry. Shares are up 7.1% year to date as of the close of trading on Monday. Super Micro Computer, Inc., together with its subsidiaries, develops and provides high performance server solutions based on modular and open-standard architecture. The company has a P/E ratio of 12.4, below the average computer hardware industry P/E ratio of 14.6 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Super Micro Computer as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Super Micro Computer 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.