NEW YORK ( TheStreet) -- Shares of Tivo (Nasdaq: TIVO) were gapping up Wednesday morning with an open price 11.7% higher than Tuesday's closing price. The stock closed at $8.92 Tuesday and opened today's trading at $9.96. The average volume for Tivo has been 2.2 million shares per day over the past 30 days. Tivo has a market cap of $1.09 billion and is part of the services sector and media industry. Shares are down 0.6% year to date as of the close of trading on Tuesday. TiVo Inc., together with its subsidiaries, provides technology and services for television solutions, including digital video recorders (DVRs) and connected televisions in the United States and internationally. The company has a P/E ratio of 20.4, below the average media industry P/E ratio of 24.9 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Tivo as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full Tivo Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.