Logitech International S.A Stock Gaps Down On Today's Open (LOGI)

NEW YORK ( TheStreet) -- Shares of Logitech International S.A (Nasdaq: LOGI) were gapping down Thursday morning with an open price 12.8% lower than Wednesday's closing price. The stock closed at $8.18 Wednesday and opened today's trading at $7.13.

The average volume for Logitech International S.A has been 548,800 shares per day over the past 30 days. Logitech International S.A has a market cap of $1.41 billion and is part of the technology sector and computer hardware industry. Shares are up 5.1% year to date as of the close of trading on Wednesday.

Logitech International S.A. designs, manufactures, and markets hardware and software products that enable digital navigation, music and video entertainment, gaming, social networking, audio, and video communication over the Internet, video security, and home-entertainment control. The company has a P/E ratio of 26.3, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Logitech International S.A 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Logitech International S.A Ratings Report.

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