Endologix Stock Gaps Up On Today's Open (ELGX)

NEW YORK ( TheStreet) -- Shares of Endologix (Nasdaq: ELGX) were gapping up Friday morning with an open price 10.1% higher than Thursday's closing price. The stock closed at $10.85 Thursday and opened today's trading at $11.95.

The average volume for Endologix has been 651,800 shares per day over the past 30 days. Endologix has a market cap of $624.6 million and is part of the health care sector and health services industry. Shares are up 51.7% year to date as of the close of trading on Thursday.

Endologix, Inc. develops, manufactures, markets, and sells devices for treatments of aortic disorders.

TheStreet Ratings rates Endologix as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Endologix Ratings Report.

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