NEW YORK ( TheStreet) -- Shares of Pantry (Nasdaq: PTRY) were gapping down Tuesday morning with an open price 14.3% lower than Monday's closing price. The stock closed at $11.87 Monday and opened today's trading at $10.17.

The average volume for Pantry has been 228,100 shares per day over the past 30 days. Pantry has a market cap of $274.9 million and is part of the services sector and retail industry. Shares are down 39.7% year to date as of the close of trading on Monday.

The Pantry, Inc. operates convenience store chain in the southeastern United States. Its stores offer a selection of merchandise, fuel, and ancillary products and services. The company has a P/E ratio of 17.9, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Pantry as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and generally poor debt management. You can view the full Pantry Ratings Report.

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