Memsic Stock Gaps Down On Today's Open (MEMS)

NEW YORK ( TheStreet) -- Shares of Memsic (Nasdaq: MEMS) were gapping down Wednesday morning with an open price 11.8% lower than Tuesday's closing price. The stock closed at $3.81 Tuesday and opened today's trading at $3.36.

The average volume for Memsic has been 193,200 shares per day over the past 30 days. Memsic has a market cap of $95.5 million and is part of the technology sector and electronics industry. Shares are up 43.8% year to date as of the close of trading on Tuesday.

MEMSIC, Inc. provides semiconductor sensor and system solutions based on integrated micro electro-mechanical systems (MEMS) technology and mixed signal circuit design. It offers sensor products, principally accelerometers.

TheStreet Ratings rates Memsic as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Memsic Ratings Report.

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