RadioShack Stock Gaps Down On Today's Open (RSH)

NEW YORK ( TheStreet) -- Shares of RadioShack (NYSE: RSH) were gapping down Tuesday morning with an open price 29.6% lower than Monday's closing price. The stock closed at $10.23 Monday and opened today's trading at $7.20.

The average volume for RadioShack has been 2.6 million shares per day over the past 30 days. RadioShack has a market cap of $1.02 billion and is part of the services sector and retail industry. Shares are up 5.4% year to date as of the close of trading on Monday.

RadioShack Corporation engages in the retail sale of consumer electronic goods and services through its RadioShack store chain and kiosk operations. The company has a P/E ratio of nine, below the average retail industry P/E ratio of 9.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates RadioShack as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full RadioShack 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.