NEW YORK ( TheStreet) -- Shares of China Medical Technologies (Nasdaq: CMED) were gapping up Friday morning with an open price 13.5% higher than Thursday's closing price. The stock closed at $3.85 Thursday and opened today's trading at $4.37. The average volume for China Medical has been 259,300 shares per day over the past 30 days. China Medical has a market cap of $129.1 million and is part of the health care sector and health services industry. Shares are down 65.7% year to date as of the close of trading on Thursday. China Medical Technologies, Inc., a medical device company, develops, manufactures, and markets immunodiagnostic and molecular diagnostic products. The company has a P/E ratio of 8.3, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates China Medical as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management. You can view the full China Medical Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.