Amphenol Stock Gaps Up On Today's Open (APH)

NEW YORK ( TheStreet) -- Shares of Amphenol (NYSE: APH) were gapping up Wednesday morning with an open price 12.2% higher than Tuesday's closing price. The stock closed at $48.27 Tuesday and opened today's trading at $54.14.

The average volume for Amphenol has been 1.4 million shares per day over the past 30 days. Amphenol has a market cap of $7.98 billion and is part of the technology sector and electronics industry. Shares are up 6.3% year to date as of the close of trading on Tuesday.

Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors; interconnect systems; and coaxial and specialty cables worldwide. The company has a P/E ratio of 15.5, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Amphenol as a buy. 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, notable return on equity, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Amphenol Ratings Report.

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