Resources Connection Stock Gaps Down On Today's Open (RECN)
Shares of Resources Connection (Nasdaq:RECN) were gapping down Thursday morning with an open price 12.6% lower than Wednesday's closing price. The stock closed at $11.02 yesterday and opened today's trading at $9.63.
NEW YORK ( TheStreet) -- Shares of Resources Connection (Nasdaq: RECN) were gapping down Thursday morning with an open price 12.6% lower than Wednesday's closing price. The stock closed at $11.02 Wednesday and opened today's trading at $9.63. The average volume for Resources Connection has been 217,800 shares per day over the past 30 days. Resources Connection has a market cap of $485.3 million and is part of the services sector and diversified services industry. Shares are up 4.1% year to date as of the close of trading on Wednesday. Resources Connection, Inc. The company has a P/E ratio of 19.6, above the average diversified services industry P/E ratio of 19.3 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Resources Connection as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Resources Connection 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.