NEW YORK (
) -- Shares of
) were gapping down Thursday morning with an open price 18.4% lower than Wednesday's closing price. The stock closed at $26.97 Wednesday and opened today's trading at $22.
The average volume for rue21 has been 324,700 shares per day over the past 30 days. Rue21 has a market cap of $642.4 million and is part of the
industry. Shares are down 8% year to date as of the close of trading on Wednesday.
rue21, inc. operates as a specialty apparel retailer in the United States. It offers an assortment of fashion apparel and accessories for girls and guys, including graphic T-shirts, denim, dresses, shirts, hoodies, belts, jewelry, handbags, footwear, intimate apparel, and other accessories. The company has a P/E ratio of 19.4, above the average retail industry P/E ratio of 19.2 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates rue21 as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full
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