NEW YORK ( TheStreet) -- Shares of Life Partners Holdings (Nasdaq: LPHI) were gapping up Monday morning with an open price 13.3% higher than Friday's closing price. The stock closed at $6.84 Friday and opened today's trading at $7.75.

The average volume for Life has been 273,400 shares per day over the past 30 days. Life has a market cap of $124.9 million and is part of the financial sector and insurance industry. Shares are down 55.3% year to date as of the close of trading on Friday.

Life Partners Holdings, Inc., through its subsidiary, Life Partners, Inc., operates in the secondary market for life insurance in the United States. It facilitates life settlement transactions by identifying, examining, and purchasing the policies as agent for the purchasers. The company has a P/E ratio of 4.4, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Life as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Life Ratings Report.

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