International Rectifier Stock Gaps Down On Today's Open (IRF)
Shares of International Rectifier (NYSE:IRF) were gapping down Friday morning with an open price 13.4% lower than Thursday's closing price. The stock closed at $22.17 yesterday and opened today's trading at $19.20.
NEW YORK ( TheStreet) -- Shares of International Rectifier (NYSE: IRF) were gapping down Friday morning with an open price 13.4% lower than Thursday's closing price. The stock closed at $22.17 Thursday and opened today's trading at $19.20. The average volume for International Rectifier has been 436,700 shares per day over the past 30 days. International Rectifier has a market cap of $1.55 billion and is part of the technology sector and electronics industry. Shares are up 14.2% year to date as of the close of trading on Thursday. International Rectifier Corporation engages in the design, manufacture, and marketing of power management semiconductors in the United States, Europe, and Asia. The company has a P/E ratio of 15.3, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates International Rectifier as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full International Rectifier Ratings Report. Get more investment ideas from our investment research center.