Shares of Exide Technologies (Nasdaq:XIDE) were gapping down Tuesday morning with an open price 21.2% lower than Monday's closing price. The stock closed at $4.48 yesterday and opened today's trading at $3.53.
NEW YORK ( TheStreet) -- Shares of Exide Technologies (Nasdaq: XIDE) were gapping down Tuesday morning with an open price 21.2% lower than Monday's closing price. The stock closed at $4.48 Monday and opened today's trading at $3.53. The average volume for Exide has been 874,500 shares per day over the past 30 days. Exide has a market cap of $350.6 million and is part of the industrial goods sector and industrial industry. Shares are down 52.3% year to date as of the close of trading on Monday. Exide Technologies engages in the production and sale of lead-acid batteries for transportation and industrial applications. The company has a P/E ratio of 11.8, below the average industrial industry P/E ratio of 12.5 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Exide as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and poor profit margins. You can view the full Exide 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.