Systemax Stock Gaps Up On Today's Open (SYX)

NEW YORK ( TheStreet) -- Shares of Systemax (NYSE: SYX) were gapping up Tuesday morning with an open price 11.4% higher than Monday's closing price. The stock closed at $15.92 Monday and opened today's trading at $17.74.

The average volume for Systemax has been 38,200 shares per day over the past 30 days. Systemax has a market cap of $588.5 million and is part of the technology sector and computer software & services industry. Shares are up 13.3% year to date as of the close of trading on Monday.

Systemax Inc. primarily operates as a direct marketer of brand name and private label products. It operates in two segments, Technology Products and Industrial Products. The Technology Products segment sells computers, computer supplies, and consumer electronics in North America and Europe. The company has a P/E ratio of 11.5, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Systemax as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Systemax Ratings Report.

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