Netflix Stock Gaps Down On Today's Open (NFLX)

NEW YORK (TheStreet) -- Shares of Netflix (Nasdaq:NFLX) were gapping down Tuesday morning with an open price 15% lower than Monday's closing price. The stock closed at $101.84 Monday and opened today's trading at $86.52.

The average volume for Netflix has been seven million shares per day over the past 30 days. Netflix has a market cap of $5.91 billion and is part of the services sector and specialty retail industry. Shares are up 47% year to date as of the close of trading on Monday.

Netflix, Inc. provides Internet subscription services for TV shows and movies in the United States and internationally. The company offers its subscribers to watch unlimited TV shows and movies streamed over the Internet to their TVs, computers, and mobile devices. The company has a P/E ratio of 25.5, equal to the average specialty retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Netflix 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 weak operating cash flow, a generally disappointing performance in the stock itself and unimpressive growth in net income. You can view the full Netflix Ratings Report.

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