Marvell Technology Group Stock Gaps Down On Today's Open (MRVL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Shares of Marvell Technology Group (Nasdaq: MRVL) were gapping down Friday morning with an open price 12.6% lower than Thursday's closing price. The stock closed at $12.28 Thursday and opened today's trading at $10.73.

The average volume for Marvell Technology Group has been 11 million shares per day over the past 30 days. Marvell Technology Group has a market cap of $6.65 billion and is part of the technology sector and electronics industry. Shares are down 13.8% year to date as of the close of trading on Thursday.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone ARM-based microprocessor integrated circuits. The company has a P/E ratio of 12.8, above the average electronics industry P/E ratio of 12.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Marvell Technology Group 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, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Marvell Technology Group Ratings Report.

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