NEW YORK ( TheStreet) -- Shares of ChinaCast Education Corporation (Nasdaq: CAST) were gapping down Tuesday morning with an open price 14.3% lower than Monday's closing price. The stock closed at $5.10 Monday and opened today's trading at $4.37. The average volume for ChinaCast has been 271,100 shares per day over the past 30 days. ChinaCast has a market cap of $258.8 million and is part of the services sector and diversified services industry. Shares are down 34.3% year to date as of the close of trading on Monday. ChinaCast Education Corporation, together with its subsidiaries, provides post-secondary education and e-learning services in China. The company operates in two segments, E-learning and Training Service Group, and Traditional University Group. The company has a P/E ratio of 23, above the average diversified services industry P/E ratio of 17.5 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates ChinaCast 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full ChinaCast 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.