NEW YORK ( TheStreet) -- Shares of CalAmp Corporation (Nasdaq: CAMP) were gapping up Friday morning with an open price 12.8% higher than Thursday's closing price. The stock closed at $5.84 Thursday and opened today's trading at $6.59. The average volume for CalAmp has been 137,700 shares per day over the past 30 days. CalAmp has a market cap of $171.1 million and is part of the technology sector and telecommunications industry. Shares are up 39.2% year to date as of the close of trading on Thursday. CalAmp Corp. develops and markets wireless communications solutions that deliver data, voice, and video for critical networked communications and other applications primarily in the United States. The company has a P/E ratio of 33.1, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates CalAmp as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full CalAmp Ratings Report. Get more investment ideas from our investment research center.