Elster Group SE Stock Gaps Up On Today's Open (ELT)

NEW YORK ( TheStreet) -- Shares of Elster Group SE (NYSE: ELT) were gapping up Monday morning with an open price 17.9% higher than Friday's closing price. The stock closed at $16.40 Friday and opened today's trading at $19.33.

The average volume for Elster Group SE has been 93,600 shares per day over the past 30 days. Elster Group SE has a market cap of $1.8 billion and is part of the technology sector and electronics industry. Shares are up 19.2% year to date as of the close of trading on Friday.

Elster Group SE provides gas, electricity, and water meters; and related communications, networking, and software solution for residential, commercial, and industrial customers worldwide. The company has a P/E ratio of 20.7, below the average electronics industry P/E ratio of 21.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Elster Group SE as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins. You can view the full Elster Group SE Ratings Report.

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