NEW YORK ( TheStreet) -- Shares of MedCath Corporation (Nasdaq: MDTH) were gapping down Friday morning with an open price 47.9% lower than Thursday's closing price. The stock closed at $14.07 Thursday and opened today's trading at $7.33.

The average volume for MedCath has been 306,500 shares per day over the past 30 days. MedCath has a market cap of $284.9 million and is part of the health care sector and health services industry. Shares are up 0.9% year to date as of the close of trading on Thursday.

MedCath Corporation, together with its subsidiaries, engages in the ownership and operation of hospitals in partnership with physicians in the United States. The company focuses primarily on providing acuity services, including the diagnosis and treatment of cardiovascular disease. The company has a P/E ratio of 27.3, above the average health services industry P/E ratio of 19.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates MedCath as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, 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 and poor profit margins. You can view the full MedCath Ratings Report.

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