NEW YORK ( TheStreet) -- Shares of Arrow Electronics Inc (NYSE: ARW) were gapping up Wednesday morning with an open price 12% higher than Tuesday's closing price. The stock closed at $33.19 Tuesday and opened today's trading at $37.17.

The average volume for Arrow has been 1.3 million shares per day over the past 30 days. Arrow has a market cap of $3.9 billion and is part of the services sector and wholesale industry. Shares are down 3.1% year to date as of the close of trading on Tuesday.

Arrow Electronics, Inc. distributes products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company has a P/E ratio of seven, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Arrow as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Arrow Ratings Report.

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