Orsus Xelent Stock Gaps Down On Today's Open (ORS)

NEW YORK ( TheStreet) -- Shares of Orsus Xelent Technologies (AMEX: ORS) were gapping down Tuesday morning with an open price 12% lower than Monday's closing price. The stock closed at $2.17 Monday and opened today's trading at $1.91.

The average volume for Orsus Xelent has been 600,700 shares per day over the past 30 days. Orsus Xelent has a market cap of $5.9 million and is part of the technology sector and telecommunications industry. Shares are down 97.1% year to date as of the close of trading on Monday.

Orsus Xelent Technologies, Inc., together with its subsidiaries, engages in the design, manufacture, and distribution of cellular phones for retail and wholesale distribution in the People's Republic of China.

TheStreet Ratings rates Orsus Xelent as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. You can view the full Orsus Xelent Ratings Report.

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