TeleCommunication Systems Stock Gaps Up On Today's Open (TSYS)
Shares of TeleCommunication Systems (Nasdaq:TSYS) were gapping up Friday morning with an open price 10.8% higher than Thursday's closing price. The stock closed at $2.50 yesterday and opened today's trading at $2.77.
NEW YORK ( TheStreet) -- Shares of TeleCommunication Systems (Nasdaq: TSYS) were gapping up Friday morning with an open price 10.8% higher than Thursday's closing price. The stock closed at $2.50 Thursday and opened today's trading at $2.77. The average volume for TeleCommunication Systems has been 434,300 shares per day over the past 30 days. TeleCommunication Systems has a market cap of $119 million and is part of the technology sector and telecommunications industry. Shares are up 6.4% year to date as of the close of trading on Thursday. TeleCommunication Systems, Inc. develops and delivers wireless communication technology in the United States and internationally. The company operates in two segments, Commercial and Government. The company has a P/E ratio of 15.5, above the average telecommunications industry P/E ratio of 14.4 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates TeleCommunication Systems as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full TeleCommunication Systems 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.