Shares of Motricity (Nasdaq:MOTR) were gapping down Friday morning with an open price 16.7% lower than Thursday's closing price. The stock closed at $1.32 yesterday and opened today's trading at $1.10.
NEW YORK ( TheStreet) -- Shares of Motricity (Nasdaq: MOTR) were gapping down Friday morning with an open price 16.7% lower than Thursday's closing price. The stock closed at $1.32 Thursday and opened today's trading at $1.10. The average volume for Motricity has been 912,900 shares per day over the past 30 days. Motricity has a market cap of $37.2 million and is part of the technology sector and telecommunications industry. Shares are up 46.7% year to date as of the close of trading on Thursday. Motricity, Inc. enables mobile operators, brands, and advertising agencies to maximize the reach and economic potential of the mobile ecosystem through the delivery of relevance-driven merchandising, marketing, and advertising solutions. TheStreet Ratings rates Motricity as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Motricity 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.