Shengkai Innovations Stock Gaps Down On Today's Open (VALV)

NEW YORK ( TheStreet) -- Shares of Shengkai Innovations (Nasdaq: VALV) were gapping down Monday morning with an open price 39.6% lower than Friday's closing price. The stock closed at $1.97 Friday and opened today's trading at $1.19.

The average volume for Shengkai Innovations has been 645,600 shares per day over the past 30 days. Shengkai Innovations has a market cap of $55.4 million and is part of the services sector and wholesale industry.

Shengkai Innovations, Inc., through its subsidiaries, designs, manufactures, and distributes ceramic valves for industrial use in the People's Republic of China.

TheStreet Ratings rates Shengkai Innovations as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself. You can view the full Shengkai Innovations 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.

null

More from Markets

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

U.S. Banks Pass Fed 'Stress Test' With Room for Dividends, Buybacks

U.S. Banks Pass Fed 'Stress Test' With Room for Dividends, Buybacks

Comcast's Brian Roberts vs. Disney's Bob Iger: Which Titan Will Nab Fox?

Comcast's Brian Roberts vs. Disney's Bob Iger: Which Titan Will Nab Fox?

Online Retailers Hit by Supreme Court Ruling Requiring Sales Tax Collection

Online Retailers Hit by Supreme Court Ruling Requiring Sales Tax Collection

Dow Logs Eighth Straight Drop as Stocks Slump

Dow Logs Eighth Straight Drop as Stocks Slump