NEW YORK ( TheStreet) -- Shares of Checkpoint Systems (NYSE: CKP) were gapping down Wednesday morning with an open price 22.2% lower than Tuesday's closing price. The stock closed at $14.40 Tuesday and opened today's trading at $11.20. The average volume for Checkpoint Systems has been 246,900 shares per day over the past 30 days. Checkpoint Systems has a market cap of $566.6 million and is part of the services sector and diversified services industry. Shares are down 31.2% year to date as of the close of trading on Tuesday. Checkpoint Systems, Inc. manufactures and markets identification, tracking, security, and merchandising solutions for the retail and apparel industry worldwide. The company operates in three segments: Shrink Management Solutions, Apparel Labeling Solutions, and Retail Merchandising Solutions. The company has a P/E ratio of 38.8, below the average diversified services industry P/E ratio of 39.3 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Checkpoint Systems as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full Checkpoint Systems 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.