Asiainfo-Linkage Stock Gaps Up On Today's Open (ASIA)
Shares of Asiainfo-Linkage (Nasdaq:ASIA) were gapping up Friday morning with an open price 12.7% higher than Thursday's closing price. The stock closed at $9.92 yesterday and opened today's trading at $11.18.
NEW YORK ( TheStreet) -- Shares of Asiainfo-Linkage (Nasdaq: ASIA) were gapping up Friday morning with an open price 12.7% higher than Thursday's closing price. The stock closed at $9.92 Thursday and opened today's trading at $11.18. The average volume for Asiainfo-Linkage has been 637,000 shares per day over the past 30 days. Asiainfo-Linkage has a market cap of $618.7 million and is part of the technology sector and computer software & services industry. Shares are up 28% year to date as of the close of trading on Thursday. AsiaInfo-Linkage, Inc. provides telecommunications software solutions and information technology (IT) products and services to telecommunications carriers and other enterprises in the People's Republic of China. The company has a P/E ratio of 8.2, above the average computer software & services industry P/E ratio of eight and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Asiainfo-Linkage 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 attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself. You can view the full Asiainfo-Linkage 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.