Saba Software Stock Gaps Up On Today's Open (SABA)
Shares of Saba Software (Nasdaq:SABA) were gapping up Friday morning with an open price 12.1% higher than Thursday's closing price. The stock closed at $7.41 yesterday and opened today's trading at $8.31.
NEW YORK ( TheStreet) -- Shares of Saba Software (Nasdaq: SABA) were gapping up Friday morning with an open price 12.1% higher than Thursday's closing price. The stock closed at $7.41 Thursday and opened today's trading at $8.31. The average volume for Saba Software has been 123,500 shares per day over the past 30 days. Saba Software has a market cap of $224 million and is part of the technology sector and computer software & services industry. Shares are down 6.1% year to date as of the close of trading on Thursday. Saba Software, Inc. provides a class of people systems that combine people learning, people performance, and people collaboration solutions. TheStreet Ratings rates Saba Software as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Saba Software 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.
Saba Software (Nasdaq:SABA) is trading at unusually high volume Thursday with 1.4 million shares changing hands. It is currently at four times its average daily volume and trading down 75 cents (-8.8%).