Novatel Wireless Stock Gaps Down On Today's Open (NVTL)

NEW YORK ( TheStreet) -- Shares of Novatel Wireless (Nasdaq: NVTL) were gapping down Wednesday morning with an open price 11.4% lower than Tuesday's closing price. The stock closed at $4.21 Tuesday and opened today's trading at $3.73.

The average volume for Novatel Wireless has been 459,600 shares per day over the past 30 days. Novatel Wireless has a market cap of $127.3 million and is part of the technology sector and telecommunications industry. Shares are down 55.9% year to date as of the close of trading on Tuesday.

Novatel Wireless Inc., together with its subsidiaries, provides wireless broadband access solutions for the mobile communications market worldwide.

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

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