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Demand Media Stock Gaps Up On Today's Open (DMD)

By TheStreet Wire 05/09/12 - 10:02 AM EDT

Find out if (DMD) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of Demand Media (NYSE:DMD) were gapping up Wednesday morning with an open price 19.2% higher than Tuesday's closing price. The stock closed at $7.93 Tuesday and opened today's trading at $9.45.

The average volume for Demand Media has been 338,400 shares per day over the past 30 days. Demand Media has a market cap of $692 million and is part of the technology sector and internet industry. Shares are up 19.2% year to date as of the close of trading on Tuesday.

Demand Media, Inc., together with its subsidiaries, identifies, creates, distributes, and monetizes in-demand and long-lived content formats.

TheStreet Ratings rates Demand Media as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and feeble growth in the company's earnings per share. You can view the full Demand Media Ratings Report.

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