NEW YORK ( TheStreet) -- Shares of Avon Products Inc (NYSE: AVP) were gapping down Thursday morning with an open price 13.6% lower than Wednesday's closing price. The stock closed at $23.01 Wednesday and opened today's trading at $19.88. The average volume for Avon has been 4.6 million shares per day over the past 30 days. Avon has a market cap of $9.9 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 20.8% year to date as of the close of trading on Wednesday. Avon Products Inc. engages in manufacturing and marketing beauty and related products in worldwide. The company has a P/E ratio of 13.5, below the average consumer non-durables industry P/E ratio of 13.6 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Avon as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Avon 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.