NEW YORK ( TheStreet) -- Shares of Dycom Industries (NYSE: DY) were gapping up Wednesday morning with an open price 14.8% higher than Tuesday's closing price. The stock closed at $14.34 Tuesday and opened today's trading at $16.46. The average volume for Dycom has been 349,000 shares per day over the past 30 days. Dycom has a market cap of $506.4 million and is part of the industrial goods sector and materials & construction industry. Shares are down 2.8% year to date as of the close of trading on Tuesday. Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. The company has a P/E ratio of 68.5, below the average materials & construction industry P/E ratio of 71.9 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Dycom 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 solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Dycom Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.