Computer Sciences Stock Gaps Down On Today's Open (CSC)
Shares of Computer Sciences Corporation (NYSE:CSC) were gapping down Wednesday morning with an open price 11.1% lower than Tuesday's closing price. The stock closed at $32.97 yesterday and opened today's trading at $29.30.
NEW YORK ( TheStreet) -- Shares of Computer Sciences Corporation (NYSE: CSC) were gapping down Wednesday morning with an open price 11.1% lower than Tuesday's closing price. The stock closed at $32.97 Tuesday and opened today's trading at $29.30. The average volume for Computer Sciences has been 2.5 million shares per day over the past 30 days. Computer Sciences has a market cap of $5 billion and is part of the technology sector and computer software & services industry. Shares are down 34.7% year to date as of the close of trading on Tuesday. Computer Sciences Corporation provides information technology (IT) and professional services to governments and commercial enterprises. The company has a P/E ratio of 6.8, above the average computer software & services industry P/E ratio of 6.5 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Computer Sciences as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Computer Sciences 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.