Rambus Stock Gaps Up On Today's Open (RMBS)

NEW YORK ( TheStreet) -- Shares of Rambus (Nasdaq: RMBS) were gapping up Friday morning with an open price 13.8% higher than Thursday's closing price. The stock closed at $7.32 Thursday and opened today's trading at $8.33.

The average volume for Rambus has been 2.7 million shares per day over the past 30 days. Rambus has a market cap of $788.4 million and is part of the technology sector and electronics industry. Shares are down 64.3% year to date as of the close of trading on Thursday.

Rambus Inc. engages in the creation, design, development, and licensing of patented innovations, technologies, and architectures to digital electronics products and systems. The company has a P/E ratio of 44.8, below the average electronics industry P/E ratio of 47.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Rambus as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins. You can view the full Rambus Ratings Report.

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