NEW YORK (TheStreet) -- Shares of Asiainfo-Linkage (Nasdaq:ASIA) were gapping down Tuesday morning with an open price 13.7% lower than Monday's closing price. The stock closed at $10.02 Monday and opened today's trading at $8.65.

The average volume for Asiainfo-Linkage has been 1.2 million shares per day over the past 30 days. Asiainfo-Linkage has a market cap of $774.7 million and is part of the technology sector and computer software & services industry. Shares are down 39.5% year to date as of the close of trading on Monday.

AsiaInfo-Linkage, Inc. provides telecommunications software solutions and information technology (IT) products and services to telecommunications carriers and other enterprises in the People's Republic of China. The company has a P/E ratio of 10.1, above the average computer software & services industry P/E ratio of 9.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Asiainfo-Linkage 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 attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Asiainfo-Linkage Ratings Report.

Get more investment ideas from our investment research center.

Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.

Source:thestreet