Cepheid Stock Gaps Up On Today's Open (CPHD)

NEW YORK ( TheStreet) -- Shares of Cepheid (Nasdaq: CPHD) were gapping up Wednesday morning with an open price 13.2% higher than Tuesday's closing price. The stock closed at $32.78 Tuesday and opened today's trading at $37.10.

The average volume for Cepheid has been 503,900 shares per day over the past 30 days. Cepheid has a market cap of $2.07 billion and is part of the technology sector and electronics industry. Shares are down 4.7% year to date as of the close of trading on Tuesday.

Cepheid, a molecular diagnostics company, engages in developing, manufacturing, and marketing integrated systems for testing in the clinical market, as well as for application in legacy biothreat, industrial, and partner markets. The company has a P/E ratio of 404.9, above the average electronics industry P/E ratio of 359.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cepheid as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Cepheid Ratings Report.

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