NEW YORK (

TheStreet

) -- Shares of

rue21

(Nasdaq:

RUE

) were gapping up Friday morning with an open price 15.4% higher than Thursday's closing price. The stock closed at $28.60 Thursday and opened today's trading at $33.

The average volume for rue21 has been 294,500 shares per day over the past 30 days. Rue21 has a market cap of $692.3 million and is part of the

services

sector and

retail

industry. Shares are down 2.4% year to date as of the close of trading on Thursday.

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 23.5, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates rue21 as a

hold

. 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 also find weaknesses including a generally disappointing performance in the stock itself and premium valuation. You can view the full

rue21 Ratings Report

.

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