NEW YORK ( TheStreet) -- Shares of National CineMedia (Nasdaq: NCMI) were gapping down Friday morning with an open price 20.3% lower than Thursday's closing price. The stock closed at $14.75 Thursday and opened today's trading at $11.75.

The average volume for National CineMedia has been 454,100 shares per day over the past 30 days. National CineMedia has a market cap of $833.9 million and is part of the services sector and media industry. Shares are down 25.9% year to date as of the close of trading on Thursday.

National CineMedia, Inc., through its subsidiaries, operates a digital in-theatre network in North America. The company has a P/E ratio of 24, below the average media industry P/E ratio of 24.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates National CineMedia 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, compelling growth in net income and revenue growth. 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 National CineMedia Ratings Report.

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