NEW YORK ( TheStreet) -- Shares of Focus Media (Nasdaq: FMCN) were gapping up Friday morning with an open price 13% higher than Thursday's closing price. The stock closed at $25.28 Thursday and opened today's trading at $28.57.

The average volume for Focus Media has been 3.3 million shares per day over the past 30 days. Focus Media has a market cap of $3.5 billion and is part of the services sector and media industry. Shares are up 15.3% year to date as of the close of trading on Thursday.

Focus Media Holding Limited, a multi-platform digital media company, operates liquid crystal display (LCD) network using audiovisual digital displays in China. The company has a P/E ratio of 25.3, above the average media industry P/E ratio of 12.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Focus Media as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Focus Media Ratings Report.

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