Align Technology Stock Gaps Up On Today's Open (ALGN)

NEW YORK ( TheStreet) -- Shares of Align Technology (Nasdaq: ALGN) were gapping up Tuesday morning with an open price 19.8% higher than Monday's closing price. The stock closed at $27.44 Monday and opened today's trading at $32.86.

The average volume for Align Technology has been 658,900 shares per day over the past 30 days. Align Technology has a market cap of $2.16 billion and is part of the health care sector and health services industry. Shares are up 15.7% year to date as of the close of trading on Monday.

Align Technology, Inc. designs, manufactures, and markets the invisalign system for treating malocclusion or the misalignment of teeth. Invisalign corrects malocclusion using a series of clear, nearly invisible, removable appliances that gently move teeth to a desired final position. The company has a P/E ratio of 33.7, above the average health services industry P/E ratio of 32.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Align Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Align Technology Ratings Report.

Get more investment ideas from our investment research center.

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%