NEW YORK ( TheStreet) -- Shares of ABM Industries (NYSE: ABM) were gapping down Friday morning with an open price 10.5% lower than Thursday's closing price. The stock closed at $19.84 Thursday and opened today's trading at $17.75. The average volume for ABM has been 324,000 shares per day over the past 30 days. ABM has a market cap of $1.1 billion and is part of the services sector and diversified services industry. Shares are down 24.6% year to date as of the close of trading on Thursday. ABM Industries Incorporated, through its subsidiaries, provides facility services for commercial, industrial, institutional, and retail facilities primarily in the United States. It operates in four segments: Janitorial, Parking, Security, and Engineering. The company has a P/E ratio of 16.7, above the average diversified services industry P/E ratio of 16.5 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates ABM as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and poor profit margins. You can view the full ABM 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.