TeleCommunication Systems Stock Gaps Down On Today's Open (TSYS)
Shares of TeleCommunication Systems (Nasdaq:TSYS) were gapping down Friday morning with an open price 14.1% lower than Thursday's closing price. The stock closed at $2.70 yesterday and opened today's trading at $2.32.
NEW YORK ( TheStreet) -- Shares of TeleCommunication Systems (Nasdaq: TSYS) were gapping down Friday morning with an open price 14.1% lower than Thursday's closing price. The stock closed at $2.70 Thursday and opened today's trading at $2.32. The average volume for TeleCommunication Systems has been 339,400 shares per day over the past 30 days. TeleCommunication Systems has a market cap of $132.5 million and is part of the technology sector and telecommunications industry. Shares are up 14.9% year to date as of the close of trading on Thursday. TeleCommunication Systems, Inc. develops and delivers wireless communication technology in the United States and internationally. The company operates in two segments, Commercial and Government. The company has a P/E ratio of 21.1, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates TeleCommunication Systems as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full TeleCommunication Systems Ratings Report. Get more investment ideas from our investment research center.