Fuel Systems Stock Gaps Down On Today's Open (FSYS)

NEW YORK ( TheStreet) -- Shares of Fuel Systems Solutions (Nasdaq: FSYS) were gapping down Wednesday morning with an open price 10.5% lower than Tuesday's closing price. The stock closed at $22.44 Tuesday and opened today's trading at $20.08.

The average volume for Fuel Systems has been 240,100 shares per day over the past 30 days. Fuel Systems has a market cap of $447.4 million and is part of the consumer goods sector and automotive industry. Shares are down 23.3% year to date as of the close of trading on Tuesday.

Fuel Systems Solutions, Inc. engages in the design, manufacture, and supply of alternative fuel components and systems for use in the transportation, industrial, and power generation markets primarily in North America, Europe, Asia, the Pacific Rim, and Latin America. The company has a P/E ratio of 47.9, below the average automotive industry P/E ratio of 48.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Fuel Systems as a hold. The company's strengths can be seen in multiple areas, such as its 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 a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Fuel Systems Ratings Report.

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