Shares of Rimage Corporation (Nasdaq:RIMG) were gapping down Monday morning with an open price 14.6% lower than Friday's closing price. The stock closed at $13.18 yesterday and opened today's trading at $11.25.
NEW YORK ( TheStreet) -- Shares of Rimage Corporation (Nasdaq: RIMG) were gapping down Monday morning with an open price 14.6% lower than Friday's closing price. The stock closed at $13.18 Friday and opened today's trading at $11.25. The average volume for Rimage has been 45,800 shares per day over the past 30 days. Rimage has a market cap of $132.4 million and is part of the technology sector and computer hardware industry. Shares are up 17.2% year to date as of the close of trading on Friday. Rimage Corporation provides workflow-integrated digital publishing systems that are used by businesses to produce recordable CD, DVD, and blu-ray discs with customized content and durable disc labeling. The company has a P/E ratio of 18.2, above the average computer hardware industry P/E ratio of 18.1 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Rimage as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Rimage 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.