NEW YORK (

TheStreet

) -- Shares of

Constant Contact

(Nasdaq:

CTCT

) were gapping down Friday morning with an open price 26.3% lower than Thursday's closing price. The stock closed at $20.92 Thursday and opened today's trading at $15.41.

The average volume for Constant Contact has been 466,400 shares per day over the past 30 days. Constant Contact has a market cap of $652.1 million and is part of the

services

sector and

media

industry. Shares are down 32.5% year to date as of the close of trading on Thursday.

Constant Contact, Inc. provides on-demand email marketing, social media marketing, event marketing, and online survey solutions primarily in the United States. The company has a P/E ratio of 316.1, equal to the average media industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Constant Contact 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 find that the growth in the company's net income has been quite unimpressive. You can view the full

Constant Contact 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

.

null