Digital River Stock Gaps Down On Today's Open (DRIV)
NEW YORK (
) -- Shares of
(Nasdaq:
) were gapping down Friday morning with an open price 15.2% lower than Thursday's closing price. The stock closed at $23 Thursday and opened today's trading at $19.51.
The average volume for Digital River has been 771,100 shares per day over the past 30 days. Digital River has a market cap of $855.2 million and is part of the
sector and
industry. Shares are down 33.2% year to date as of the close of trading on Thursday.
Digital River, Inc., together with its subsidiaries, provides outsourced e-commerce solutions worldwide. The company offers a range of services, which enable its clients to establish an online sales channel capability and to manage online sales. The company has a P/E ratio of 45.5, above the average internet industry P/E ratio of 44.9 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Digital River as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and good cash flow from operations. 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
.
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