Targacept Stock Gaps Down On Today's Open (TRGT)

NEW YORK ( TheStreet) -- Shares of Targacept (Nasdaq: TRGT) were gapping down Tuesday morning with an open price 19% lower than Monday's closing price. The stock closed at $7.41 Monday and opened today's trading at $6.

The average volume for Targacept has been 1.1 million shares per day over the past 30 days. Targacept has a market cap of $194.6 million and is part of the health care sector and drugs industry. Shares are up 33% year to date as of the close of trading on Monday.

Targacept, Inc., a biopharmaceutical company, engages in the discovery, design, and development of neuronal nicotinic receptors (NNR) therapeutics for the treatment of diseases and disorders of the nervous system.

TheStreet Ratings rates Targacept 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, disappointing return on equity and generally disappointing historical performance in the stock itself. You can view the full Targacept Ratings Report.

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