NEW YORK ( TheStreet) -- Shares of ReachLocal (Nasdaq: RLOC) were gapping down Wednesday morning with an open price 17.8% lower than Tuesday's closing price. The stock closed at $10.37 Tuesday and opened today's trading at $8.52.

The average volume for ReachLocal has been 182,300 shares per day over the past 30 days. ReachLocal has a market cap of $275.9 million and is part of the services sector and media industry. Shares are down 47.9% year to date as of the close of trading on Tuesday.

ReachLocal, Inc. provides a suite of online marketing and reporting solutions for the small and medium-sized businesses (SMBs) in North America and internationally.

TheStreet Ratings rates ReachLocal as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself. You can view the full ReachLocal Ratings Report.

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