Solta Medical Stock Gaps Down On Today's Open (SLTM)

NEW YORK ( TheStreet) -- Shares of Solta Medical (Nasdaq: SLTM) were gapping down Wednesday morning with an open price 11.4% lower than Tuesday's closing price. The stock closed at $3.17 Tuesday and opened today's trading at $2.81.

The average volume for Solta Medical has been 231,300 shares per day over the past 30 days. Solta Medical has a market cap of $192.9 million and is part of the health care sector and health services industry. Shares are down 0.6% year to date as of the close of trading on Tuesday.

Solta Medical, Inc., together with its subsidiaries, engages in the design, development, manufacture, and marketing of professional and consumer energy-based medical device systems for aesthetic applications.

TheStreet Ratings rates Solta Medical as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. You can view the full Solta Medical Ratings Report.

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