Hewlett-Packard Stock Gaps Down On Today's Open (HPQ)
Shares of Hewlett-Packard (NYSE:HPQ) were gapping down Tuesday morning with an open price 12.5% lower than Monday's closing price. The stock closed at $13.30 yesterday and opened today's trading at $11.64.
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 Hewlett-Packard (NYSE: HPQ) were gapping down Tuesday morning with an open price 12.5% lower than Monday's closing price. The stock closed at $13.30 Monday and opened today's trading at $11.64.
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The average volume for Hewlett-Packard has been 27.5 million shares per day over the past 30 days. Hewlett-Packard has a market cap of $25.27 billion and is part of the technology sector and computer hardware industry. Shares are down 48.4% year to date as of the close of trading on Monday. Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. The company has a P/E ratio of -4.6, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Hewlett-Packard as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk. You can view the full Hewlett-Packard Ratings Report. Get more investment ideas from our investment research center. FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.