NEW YORK ( TheStreet) -- Shares of WMS Industries (NYSE: WMS) were gapping down Tuesday morning with an open price 13% lower than Monday's closing price. The stock closed at $21.95 Monday and opened today's trading at $19.10.

The average volume for WMS has been 1.1 million shares per day over the past 30 days. WMS has a market cap of $1.3 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 50.2% year to date as of the close of trading on Monday.

WMS Industries Inc., through its subsidiaries, engages in the design, manufacture, and distribution of games, video and mechanical reel-spinning gaming machines, and video lottery terminals (VLTs) for the legalized gaming industry worldwide. The company has a P/E ratio of 16.5, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates WMS 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full WMS 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.
null

If you liked this article you might like

The Makings of Another Huge Rebound?

5 Earnings Short-Squeeze Trade Ideas -- Bank of America, Delta, More

What to Watch Thursday: Weekly Jobless Claims

5 Hated Stocks Poised for Big Short Squeezes

Analysts' Actions -- Chesapeake, LinkedIn, Restoration Hardware, SolarCity and More