VeriFone Systems Stock Gaps Down On Today's Open (PAY)

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 VeriFone Systems (NYSE: PAY) were gapping down Thursday morning with an open price 10.8% lower than Wednesday's closing price. The stock closed at $35.38 Wednesday and opened today's trading at $31.56.

The average volume for VeriFone Systems has been 2.6 million shares per day over the past 30 days. VeriFone Systems has a market cap of $3.74 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 2.3% year to date as of the close of trading on Wednesday.

Verifone Systems, Inc. designs, markets, and services electronic payment solutions in North America and internationally. The company has a P/E ratio of 15.1, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates VeriFone Systems as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and generally higher debt management risk. You can view the full VeriFone Systems Ratings Report.

Get more investment ideas from our investment research center.

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.

If you liked this article you might like

Hurricane Irma, Trump and ECB - 5 Things You Must Know Before the Market Opens

Congress Is Back in Session and Tax Reform Is Top of Mind - Week Ahead

These Stocks Have Changed Direction

Amazon's Plan to Swallow Whole Foods to Foment More Destruction, More Scrutiny