NEW YORK ( TheStreet) -- Shares of STEC (Nasdaq: STEC) were gapping down Wednesday morning with an open price 13.1% lower than Tuesday's closing price. The stock closed at $7.70 Tuesday and opened today's trading at $6.69. The average volume for STEC has been 672,200 shares per day over the past 30 days. STEC has a market cap of $371.4 million and is part of the technology sector and computer hardware industry. Shares are down 10.4% year to date as of the close of trading on Tuesday. STEC, Inc. designs, manufactures, and markets enterprise-class solid-state drives (SSDs), flash cards, and flash modules for use in high-performance enterprise applications, and high-density DRAM modules for networking, communications, and industrial applications. The company has a P/E ratio of 16.1, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates STEC 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, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full STEC Ratings Report. Get more investment ideas from our investment research center.