Exide Stock Gaps Down On Today's Open (XIDE)

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.

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