Synaptics Stock Gaps Up On Today's Open (SYNA)

NEW YORK ( TheStreet) -- Shares of Synaptics (Nasdaq: SYNA) were gapping up Friday morning with an open price 11% higher than Thursday's closing price. The stock closed at $27.02 Thursday and opened today's trading at $30.

The average volume for Synaptics has been 500,700 shares per day over the past 30 days. Synaptics has a market cap of $910.3 million and is part of the technology sector and computer hardware industry. Shares are down 8% year to date as of the close of trading on Thursday.

Synaptics Incorporated develops and supplies custom-designed human interface solutions that enable people to interact with various mobile computing, communications, entertainment, and other electronic devices. The company has a P/E ratio of 15.7, 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 Synaptics as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow. You can view the full Synaptics Ratings Report.

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