Shares of Stratasys (Nasdaq:SSYS) were gapping up Wednesday morning with an open price 16.6% higher than Tuesday's closing price. The stock closed at $24.43 yesterday and opened today's trading at $28.49.
NEW YORK ( TheStreet) -- Shares of Stratasys (Nasdaq: SSYS) were gapping up Wednesday morning with an open price 16.6% higher than Tuesday's closing price. The stock closed at $24.43 Tuesday and opened today's trading at $28.49. The average volume for Stratasys has been 332,700 shares per day over the past 30 days. Stratasys has a market cap of $536.6 million and is part of the technology sector and computer hardware industry. Shares are down 25.2% year to date as of the close of trading on Tuesday. Stratasys, Inc., together with its subsidiaries, engages in the development, manufacture, and marketing of three dimensional (3D) printing, rapid prototyping (RP), and direct digital manufacturing (DDM) systems primarily in North America, Europe, and the Asia Pacific. The company has a P/E ratio of 33.4, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Stratasys as a buy. 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, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Stratasys 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.