NEW YORK ( TheStreet) -- Shares of International Speedway Corporation (Nasdaq: ISCA) were gapping down Thursday morning with an open price 13.4% lower than Wednesday's closing price. The stock closed at $23.20 Wednesday and opened today's trading at $20.08.

The average volume for International Speedway has been 164,900 shares per day over the past 30 days. International Speedway has a market cap of $1.1 billion and is part of the services sector and leisure industry. Shares are down 11.3% year to date as of the close of trading on Wednesday.

International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. It conducts racing events at its motorsports entertainment facilities. The company has a P/E ratio of 21.5, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International Speedway as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full International Speedway Ratings Report.

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