NEW YORK (

TheStreet

) -- Shares of

Hewlett-Packard

(NYSE:

HPQ

) were gapping down Friday morning with an open price 21.8% lower than Thursday's closing price. The stock closed at $30.18 Thursday and opened today's trading at $23.60.

The average volume for Hewlett-Packard has been 20.1 million shares per day over the past 30 days. Hewlett-Packard has a market cap of $65.1 billion and is part of the

technology

sector and

computer hardware

industry. Shares are down 29.9% year to date as of the close of trading on Thursday.

Hewlett-Packard Company offers various products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. The company has a P/E ratio of 7.7, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Recommends

TheStreet Ratings rates Hewlett-Packard as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins, a generally disappointing performance in the stock itself and generally poor debt management. You can view the full

Hewlett-Packard Ratings Report

.

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