NEW YORK ( TheStreet) -- Shares of Quicklogic Corporation (Nasdaq: QUIK) were gapping down Wednesday morning with an open price 16.4% lower than Tuesday's closing price. The stock closed at $2.99 Tuesday and opened today's trading at $2.50. The average volume for Quicklogic has been 220,300 shares per day over the past 30 days. Quicklogic has a market cap of $117.9 million and is part of the technology sector and electronics industry. Shares are down 53.3% year to date as of the close of trading on Tuesday. QuickLogic Corporation, a fabless semiconductor company, develops and markets low power customizable semiconductor solutions for tablets, smartbooks, netbooks, cloudbooks, smartphones, datacards, and mobile enterprise products. TheStreet Ratings rates Quicklogic as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Quicklogic Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.