Alcatel-Lucent Stock Gaps Down On Today's Open (ALU)
Shares of Alcatel-Lucent (NYSE:ALU) were gapping down Thursday morning with an open price 13.8% lower than Wednesday's closing price. The stock closed at $1.95 yesterday and opened today's trading at $1.68.
NEW YORK ( TheStreet) -- Shares of Alcatel-Lucent (NYSE: ALU) were gapping down Thursday morning with an open price 13.8% lower than Wednesday's closing price. The stock closed at $1.95 Wednesday and opened today's trading at $1.68. The average volume for Alcatel-Lucent has been 23.8 million shares per day over the past 30 days. Alcatel-Lucent has a market cap of $4.37 billion and is part of the technology sector and telecommunications industry. Shares are up 25% year to date as of the close of trading on Wednesday. Alcatel-Lucent provides networking and communications technology, products, and services to service providers, enterprises, and governments worldwide. The company has a P/E ratio of 5.2, above the average telecommunications industry P/E ratio of 3.4 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Alcatel-Lucent as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Alcatel-Lucent Ratings Report. Get more investment ideas from our investment research center.