Shares of Qlik Technologies (Nasdaq:QLIK) were gapping up Friday morning with an open price 13.2% higher than Thursday's closing price. The stock closed at $23.85 yesterday and opened today's trading at $27.
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 Qlik Technologies (Nasdaq: QLIK) were gapping up Friday morning with an open price 13.2% higher than Thursday's closing price. The stock closed at $23.85 Thursday and opened today's trading at $27.
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The average volume for Qlik has been 1.6 million shares per day over the past 30 days. Qlik has a market cap of $2.14 billion and is part of the technology sector and computer software & services industry. Shares are up 9.8% year to date as of the close of trading on Thursday. Qlik Technologies Inc. engages in the development, commercialization, and implementation of software products and related services for user-driven business intelligence that enables customers to make business decisions primarily in the Americas, Europe, the Asia-Pacific region, and Africa. The company has a P/E ratio of 615.5, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Qlik as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Qlik Ratings Report. Get more investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.