Zumiez Stock Gaps Up On Today's Open (ZUMZ)

NEW YORK ( TheStreet) -- Shares of Zumiez (Nasdaq: ZUMZ) were gapping up Friday morning with an open price 15.4% higher than Thursday's closing price. The stock closed at $23.37 Thursday and opened today's trading at $26.96.

The average volume for Zumiez has been 423,100 shares per day over the past 30 days. Zumiez has a market cap of $732 million and is part of the services sector and retail industry. Shares are down 13% year to date as of the close of trading on Thursday.

Zumiez Inc. operates as a specialty retailer of action sports related apparel, footwear, equipment, and accessories in the United States. The company has a P/E ratio of 22.8, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Zumiez as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, revenue growth, good cash flow from operations, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Zumiez Ratings Report.

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