VeriFone Systems Stock Gaps Down On Today's Open (PAY)
Shares of VeriFone Systems (NYSE:PAY) were gapping down Thursday morning with an open price 17.9% lower than Wednesday's closing price. The stock closed at $21.95 yesterday and opened today's trading at $18.03.
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 17.9% lower than Wednesday's closing price. The stock closed at $21.95 Wednesday and opened today's trading at $18.03.
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The average volume for VeriFone Systems has been 2.7 million shares per day over the past 30 days. VeriFone Systems has a market cap of $2.51 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 26% year to date as of the close of trading on Wednesday. Verifone Systems, Inc. designs, markets, and services electronic payment solutions worldwide. The company has a P/E ratio of 31.6, above 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full VeriFone Systems Ratings Report. Get more investment ideas from our investment research center. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..