NEW YORK ( TheStreet) -- Shares of Rovi (Nasdaq: ROVI) were gapping up Wednesday morning with an open price 15.2% higher than Tuesday's closing price. The stock closed at $49.68 Tuesday and opened today's trading at $57.25.

The average volume for Rovi has been two million shares per day over the past 30 days. Rovi has a market cap of $5.6 billion and is part of the technology sector and computer software & services industry. Shares are down 19.9% year to date as of the previous trading day's close.

Rovi Corporation provides digital entertainment technology solutions for the discovery and management of entertainment content. The company has a P/E ratio of 23.9, below the average computer software & services industry P/E ratio of 25.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Rovi as a buy. 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, solid stock price performance, compelling growth in net income and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Rovi Ratings Report.

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