Shares of Entropic Communications (Nasdaq:ENTR) were gapping up Wednesday morning with an open price 22.5% higher than Tuesday's closing price. The stock closed at $4.08 yesterday and opened today's trading at $5.
NEW YORK ( TheStreet) -- Shares of Entropic Communications (Nasdaq: ENTR) were gapping up Wednesday morning with an open price 22.5% higher than Tuesday's closing price. The stock closed at $4.08 Tuesday and opened today's trading at $5.
The average volume for Entropic has been 1.2 million shares per day over the past 30 days. Entropic has a market cap of $363.4 million and is part of the technology sector and electronics industry. Shares are down 20.2% year to date as of the close of trading on Tuesday. Entropic Communications, Inc., fabless semiconductor company, designs, develops, and markets system solutions to enable connected home entertainment in the United States and internationally. The company has a P/E ratio of 19.7, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Entropic as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Entropic Ratings Report. Get more investment ideas from our investment research center.