RF Micro Devices Stock Gaps Down On Today's Open (RFMD)
Shares of RF Micro Devices (Nasdaq:RFMD) were gapping down Friday morning with an open price 19.9% lower than Thursday's closing price. The stock closed at $5.64 yesterday and opened today's trading at $4.52.
NEW YORK ( TheStreet) -- Shares of RF Micro Devices (Nasdaq: RFMD) were gapping down Friday morning with an open price 19.9% lower than Thursday's closing price. The stock closed at $5.64 Thursday and opened today's trading at $4.52. The average volume for RF Micro Devices has been 7.2 million shares per day over the past 30 days. RF Micro Devices has a market cap of $1.52 billion and is part of the technology sector and electronics industry. Shares are up 1.3% year to date as of the close of trading on Thursday. RF Micro Devices, Inc. designs, develops, manufactures, and markets radio frequency (RF) components and compound semiconductor technologies in the United States and internationally. The company has a P/E ratio of 17.6, below the average electronics industry P/E ratio of 18.9 and equal to the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates RF Micro Devices 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, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full RF Micro Devices 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.