Pacific Sunwear Stock Gaps Down On Today's Open (PSUN) - TheStreet

NEW YORK (

TheStreet

) -- Shares of

Pacific Sunwear

(Nasdaq:

PSUN

) were gapping down Wednesday morning with an open price 30% lower than Tuesday's closing price. The stock closed at $2.17 Tuesday and opened today's trading at $1.52.

The average volume for Pacific Sunwear has been 1.1 million shares per day over the past 30 days. Pacific Sunwear has a market cap of $129.9 million and is part of the

services

sector and

retail

industry. Shares are down 60% year to date as of the close of trading on Tuesday.

Pacific Sunwear of California, Inc., together with its subsidiaries, operates as a specialty retailer in the action sports, fashion, and music influences of the California lifestyle. The company sells casual apparel; and a selection of accessories and footwear to teens and young adults.

TheStreet Ratings rates Pacific Sunwear as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full

Pacific Sunwear Ratings Report

.

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