NEW YORK ( TheStreet) -- Shares of Seagate Technology (Nasdaq: STX) were gapping up Friday morning with an open price 12.3% higher than Thursday's closing price. The stock closed at $12.06 Thursday and opened today's trading at $13.54. The average volume for Seagate Technology has been 9.3 million shares per day over the past 30 days. Seagate Technology has a market cap of $5.1 billion and is part of the technology sector and computer hardware industry. Shares are down 19.8% year to date as of the close of trading on Thursday. Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise, client compute, and client non-compute market applications worldwide. The company has a P/E ratio of 11.1, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Seagate Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins. You can view the full Seagate Technology 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.