NEW YORK ( TheStreet) -- Shares of Pacer International (Nasdaq: PACR) were gapping down Thursday morning with an open price 15.5% lower than Wednesday's closing price. The stock closed at $6.89 Wednesday and opened today's trading at $5.82. The average volume for Pacer International has been 451,500 shares per day over the past 30 days. Pacer International has a market cap of $235 million and is part of the services sector and transportation industry.

Pacer International, Inc. operates as an asset-light freight transportation and third-party logistics provider in North America. It operates in two segments, Intermodal and Logistics. The Intermodal segment provides rail brokerage, stacktrain, and local cartage services. The company has a P/E ratio of 19.2, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates Pacer International as hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full Pacer International Ratings Report.
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