Pendrell Stock Gaps Down On Today's Open (PCO)

NEW YORK ( TheStreet) -- Shares of Pendrell (Nasdaq: PCO) were gapping down Monday morning with an open price 48.8% lower than Friday's closing price. The stock closed at $2.17 Friday and opened today's trading at $1.11.

The average volume for Pendrell has been 395,300 shares per day over the past 30 days. Pendrell has a market cap of $522.9 million and is part of the technology sector and telecommunications industry.

Pendrell Corporation, through its wholly-owned subsidiary, Pendrell Technologies, Inc., provides corporate intellectual property solutions and litigation insights to Fortune 500 companies and technology firms worldwide. It engages in the valuation and acquisition of patents.

TheStreet Ratings rates Pendrell as a sell. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Pendrell Ratings Report.

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