NEW YORK (
) -- Shares of
) were gapping up Thursday morning with an open price 19.8% higher than Wednesday's closing price. The stock closed at $95.04 Wednesday and opened today's trading at $113.90.
The average volume for Netflix has been eight million shares per day over the past 30 days. Netflix has a market cap of $4.87 billion and is part of the
industry. Shares are up 37.2% year to date as of the close of trading on Wednesday.
Netflix, Inc. provides subscription based Internet services for TV shows and movies in the United States and internationally. The company allows its subscribers to watch unlimited TV shows and movies streamed over the Internet to their televisions, computers, and mobile devices. The company has a P/E ratio of 21.1, 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
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and robust revenue growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management. You can view the full
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