Elephant Talk Stock Gaps Down On Today's Open (ETAK)

NEW YORK ( TheStreet) -- Shares of Elephant Talk Communications (AMEX: ETAK) were gapping down Friday morning with an open price 13.8% lower than Thursday's closing price. The stock closed at $2.25 Thursday and opened today's trading at $1.94.

The average volume for Elephant Talk has been 303,600 shares per day over the past 30 days. Elephant Talk has a market cap of $198.3 million and is part of the technology sector and telecommunications industry. Shares are down 34.3% year to date as of the close of trading on Thursday.

Elephant Talk Communications Corp. provides business software and services to the telecommunications and financial services industry the Netherlands, rest of Europe, Hong Kong, the Middle East, and the Americas.

TheStreet Ratings rates Elephant Talk as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full Elephant Talk Ratings Report.

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