MPG Office Stock Gaps Down On Today's Open (MPG)

NEW YORK ( TheStreet) -- Shares of MPG Office (NYSE: MPG) were gapping down Tuesday morning with an open price 12.6% lower than Monday's closing price. The stock closed at $2.39 Monday and opened today's trading at $2.09.

The average volume for MPG Office has been 404,400 shares per day over the past 30 days. MPG Office has a market cap of $119.7 million and is part of the financial sector and real estate industry. Shares are down 13.1% year to date as of the close of trading on Monday.

Owns, manages, leases, acquires and develops real estate located in the greater Los Angeles area, Orange County and San Diego, CA, and Denver, CO, consisting primarily of office properties, related parking garages, a retail property and a hotel.

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

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