Shares of Exide Technologies (Nasdaq:XIDE) were gapping down Friday morning with an open price 19.8% lower than Thursday's closing price. The stock closed at $3.99 yesterday and opened today's trading at $3.20.
NEW YORK ( TheStreet) -- Shares of Exide Technologies (Nasdaq: XIDE) were gapping down Friday morning with an open price 19.8% lower than Thursday's closing price. The stock closed at $3.99 Thursday and opened today's trading at $3.20. The average volume for Exide has been 1.2 million shares per day over the past 30 days. Exide has a market cap of $250 million and is part of the industrial goods sector and industrial industry. Shares are up 51.7% year to date as of the close of trading on Thursday. Exide Technologies engages in the production and sale of lead-acid batteries for transportation and industrial applications. The company has a P/E ratio of 19, below the average industrial industry P/E ratio of 35.6 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Exide as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Exide 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.