Digital River Stock Gaps Down On Today's Open (DRIV)
Shares of Digital River (Nasdaq:DRIV) were gapping down Friday morning with an open price 15.2% lower than Thursday's closing price. The stock closed at $23 yesterday and opened today's trading at $19.51.
NEW YORK ( TheStreet) -- Shares of Digital River (Nasdaq: DRIV) were gapping down Friday morning with an open price 15.2% lower than Thursday's closing price. The stock closed at $23 Thursday and opened today's trading at $19.51. The average volume for Digital River has been 771,100 shares per day over the past 30 days. Digital River has a market cap of $855.2 million and is part of the technology sector and internet industry. Shares are down 33.2% year to date as of the close of trading on Thursday. Digital River, Inc., together with its subsidiaries, provides outsourced e-commerce solutions worldwide. The company offers a range of services, which enable its clients to establish an online sales channel capability and to manage online sales. The company has a P/E ratio of 45.5, above the average internet industry P/E ratio of 44.9 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Digital River as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full Digital River 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.