A123 Systems Stock Gaps Down On Today's Open (AONE)

NEW YORK ( TheStreet) -- Shares of A123 Systems (Nasdaq: AONE) were gapping down Wednesday morning with an open price 11.4% lower than Tuesday's closing price. The stock closed at $1.58 Tuesday and opened today's trading at $1.40.

The average volume for A123 Systems has been 2.8 million shares per day over the past 30 days. A123 Systems has a market cap of $152.7 million and is part of the technology sector and electronics industry. Shares are down 38.5% year to date as of the close of trading on Tuesday.

A123 Systems, Inc., together with its subsidiaries, designs, develops, manufactures, and sells rechargeable lithium-ion batteries and energy storage systems worldwide.

TheStreet Ratings rates A123 Systems as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full A123 Systems Ratings Report.

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