Callaway Stock Gaps Down On Today's Open (ELY)

NEW YORK ( TheStreet) -- Shares of Callaway Golf Company (NYSE: ELY) were gapping down Friday morning with an open price 14.9% lower than Thursday's closing price. The stock closed at $6.98 Thursday and opened today's trading at $5.94.

The average volume for Callaway has been 522,600 shares per day over the past 30 days. Callaway has a market cap of $450.7 million and is part of the consumer goods sector and consumer durables industry. Shares are up 25.3% year to date as of the close of trading on Thursday.

Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs and golf balls. The company's golf clubs include drivers, fairway woods, hybrids, irons, wedges, and putters.

TheStreet Ratings rates Callaway as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. 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 Callaway Ratings Report.

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