Opnext Stock Gaps Down On Today's Open (OPXT)

NEW YORK ( TheStreet) -- Shares of Opnext (Nasdaq: OPXT) were gapping down Tuesday morning with an open price 16% lower than Monday's closing price. The stock closed at $1.25 Monday and opened today's trading at $1.05.

The average volume for Opnext has been 639,000 shares per day over the past 30 days. Opnext has a market cap of $107.5 million and is part of the technology sector and electronics industry. Shares are down 29% year to date as of the close of trading on Monday.

Opnext, Inc. designs and manufactures optical components, modules, and subsystems for communications uses primarily in the Americas, Europe, Japan, and the rest of the Asia Pacific region.

TheStreet Ratings rates Opnext as a sell. The company's weaknesses can be seen in multiple areas, such as its poor profit margins and generally disappointing historical performance in the stock itself. You can view the full Opnext Ratings Report.

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