NEW YORK ( TheStreet) -- Shares of Valassis Communications Inc (NYSE: VCI) were gapping down Wednesday morning with an open price 19.2% lower than Tuesday's closing price. The stock closed at $19.57 Tuesday and opened today's trading at $15.81. The average volume for Valassis has been 1.6 million shares per day over the past 30 days. Valassis has a market cap of $962.8 million and is part of the services sector and media industry. Shares are down 36.8% year to date as of the close of trading on Tuesday. Valassis Communications, Inc., together with its subsidiaries, operates as a media and marketing services company primarily in the United States and Europe. The company has a P/E ratio of 10.1, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Valassis as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins, a generally disappointing performance in the stock itself and generally poor debt management. You can view the full Valassis 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.