NEW YORK ( TheStreet) -- Shares of Badger Meter (NYSE: BMI) were gapping down Tuesday morning with an open price 12.6% lower than Monday's closing price. The stock closed at $33.50 Monday and opened today's trading at $29.27. The average volume for Badger Meter has been 116,100 shares per day over the past 30 days. Badger Meter has a market cap of $528.8 million and is part of the technology sector and electronics industry. Shares are down 24.2% year to date as of the close of trading on Monday. Badger Meter, Inc. engages in manufacturing and marketing liquid flow measurement and control technology products worldwide. Its products are used in various applications, including water, oil, and chemicals. The company has a P/E ratio of 19.9, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Badger Meter as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Badger Meter 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.