Shares of Whirlpool Corporation (NYSE:WHR) were gapping down Friday morning with an open price 11.8% lower than Thursday's closing price. The stock closed at $60.47 yesterday and opened today's trading at $53.33.
NEW YORK ( TheStreet) -- Shares of Whirlpool Corporation (NYSE: WHR) were gapping down Friday morning with an open price 11.8% lower than Thursday's closing price. The stock closed at $60.47 Thursday and opened today's trading at $53.33. The average volume for Whirlpool has been 2.1 million shares per day over the past 30 days. Whirlpool has a market cap of $4.4 billion and is part of the services sector and retail industry. Shares are down 31.9% year to date as of the close of trading on Thursday. Whirlpool Corporation engages in the manufacture and marketing of home appliances worldwide. Its principal products include laundry appliances, refrigerators, cooking appliances, dishwashers, mixers, and other small household appliances. The company has a P/E ratio of 17.8, above the average retail industry P/E ratio of 17.5 and equal to the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Whirlpool as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Whirlpool 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.