NEW YORK ( TheStreet) -- Shares of Federated Investors (NYSE: FII) were gapping up Thursday morning with an open price 12.9% higher than Wednesday's closing price. The stock closed at $19.28 Wednesday and opened today's trading at $21.77. The average volume for Federated Investors has been two million shares per day over the past 30 days. Federated Investors has a market cap of $2 billion and is part of the financial sector and financial services industry. Shares are down 26.3% year to date as of the close of trading on Wednesday. Federated Investors, Inc. is a publicly owned investment manager. The company has a P/E ratio of 11.8, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Federated Investors as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and weak operating cash flow. You can view the full Federated Investors Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.