LTX-Credence Stock Gaps Down On Today's Open (LTXC)
Shares of LTX-Credence Corporation (Nasdaq:LTXC) were gapping down Wednesday morning with an open price 13.8% lower than Tuesday's closing price. The stock closed at $6.61 yesterday and opened today's trading at $5.70.
NEW YORK ( TheStreet) -- Shares of LTX-Credence Corporation (Nasdaq: LTXC) were gapping down Wednesday morning with an open price 13.8% lower than Tuesday's closing price. The stock closed at $6.61 Tuesday and opened today's trading at $5.70. The average volume for LTX-Credence has been 493,800 shares per day over the past 30 days. LTX-Credence has a market cap of $322.4 million and is part of the technology sector and electronics industry. Shares are down 10.7% year to date as of the close of trading on Tuesday. LTX-Credence Corporation engages in the design, manufacture, marketing, and servicing of automated test equipment solutions for the wireless, computing, automotive, and digital consumer markets. The company has a P/E ratio of 5.2, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates LTX-Credence as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full LTX-Credence 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.