NEW YORK ( TheStreet) -- Shares of Ann Taylor Stores Corporation (NYSE: ANN) were gapping up Friday morning with an open price 13.1% higher than Thursday's closing price. The stock closed at $24.21 Thursday and opened today's trading at $27.37. The average volume for Ann Taylor Stores has been 2.4 million shares per day over the past 30 days. Ann Taylor Stores has a market cap of $1.4 billion and is part of the services sector and retail industry. Shares are down 11.6% year to date as of the close of trading on Thursday. AnnTaylor Stores Corporation, through its subsidiaries, operates as a specialty retailer of women's apparel, shoes, and accessories primarily in the United States. The company has a P/E ratio of 22.2, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.5. TheStreet Ratings rates Ann Taylor Stores as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Ann Taylor Stores Ratings Report. Get more investment ideas from our investment research center.