NEW YORK ( TheStreet) -- Shares of Lee (NYSE: LEE) were gapping down Thursday morning with an open price 14.9% lower than Wednesday's closing price. The stock closed at 94 cents Wednesday and opened today's trading at 80 cents. The average volume for Lee has been 931,900 shares per day over the past 30 days. Lee has a market cap of $39.5 million and is part of the services sector and media industry. Shares are down 61.8% year to date as of the close of trading on Wednesday. Lee Enterprises, Incorporated provides local news, information, and advertising services primarily in midsize markets in the United States. The company has a P/E ratio of 1.2, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Lee as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally weak debt management, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Lee Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.