Leap Wireless International Stock Gaps Down On Today's Open (LEAP)

NEW YORK ( TheStreet) -- Shares of Leap Wireless International (Nasdaq: LEAP) were gapping down Thursday morning with an open price 20.2% lower than Wednesday's closing price. The stock closed at $7.71 Wednesday and opened today's trading at $6.15.

The average volume for Leap Wireless International has been 1.4 million shares per day over the past 30 days. Leap Wireless International has a market cap of $617.1 million and is part of the technology sector and telecommunications industry. Shares are down 17% year to date as of the close of trading on Wednesday.

Leap Wireless International, Inc., together with its subsidiaries, provides digital wireless services under the 'Cricket' brand name in the United States. The company offers unlimited local and the U.S.

TheStreet Ratings rates Leap Wireless International as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and generally weak debt management. You can view the full Leap Wireless International Ratings Report.

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