NEW YORK ( TheStreet) -- Shares of Ixia (Nasdaq: XXIA) were gapping up Friday morning with an open price 15.5% higher than Thursday's closing price. The stock closed at $11.21 Thursday and opened today's trading at $12.95. The average volume for Ixia has been 246,100 shares per day over the past 30 days. Ixia has a market cap of $832.5 million and is part of the technology sector and electronics industry. Shares are up 6.7% year to date as of the close of trading on Thursday. Ixia supplies converged network and application performance testing solutions in the United States and internationally. It designs and validates a range of Internet protocol (IP) and third generation/long-term evolution networking equipment. The company has a P/E ratio of 34.4, below the average electronics industry P/E ratio of 35.7 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Ixia as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Ixia Ratings Report. Get more investment ideas from our investment research center.