Checkpoint Systems Stock Gaps Down On Today's Open (CKP)

NEW YORK ( TheStreet) -- Shares of Checkpoint Systems (NYSE: CKP) were gapping down Thursday morning with an open price 22.7% lower than Wednesday's closing price. The stock closed at $11.14 Wednesday and opened today's trading at $8.61.

The average volume for Checkpoint Systems has been 222,900 shares per day over the past 30 days. Checkpoint Systems has a market cap of $445 million and is part of the services sector and diversified services industry. Shares are up 0.6% year to date as of the close of trading on Wednesday.

Checkpoint Systems, Inc. manufactures and markets identification, tracking, security, and merchandising solutions for the retail and apparel industry worldwide. The company operates in three segments: Shrink Management Solutions, Apparel Labeling Solutions, and Retail Merchandising Solutions.

TheStreet Ratings rates Checkpoint Systems as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Checkpoint Systems Ratings Report.

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