NEW YORK ( TheStreet) -- Shares of QuinStreet (Nasdaq: QNST) were gapping down Thursday morning with an open price 12.1% lower than Wednesday's closing price. The stock closed at $9.81 Wednesday and opened today's trading at $8.62. The average volume for QuinStreet has been 237,600 shares per day over the past 30 days. QuinStreet has a market cap of $467.4 million and is part of the services sector and media industry. Shares are up 4.8% year to date as of the close of trading on Wednesday. QuinStreet, Inc. operates as a vertical marketing and media online company in the United States and internationally. It provides direct marketing services, including the delivery of leads or paid clicks; and hosted solution and related services for clients in the direct selling industry. The company has a P/E ratio of 19.2, equal to the average media industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates QuinStreet as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself. You can view the full QuinStreet 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.
QuinStreet (Nasdaq:QNST) hit a new 52-week low Monday as it is currently trading at $7.89, below its previous 52-week low of $7.90 with 75,363 shares traded as of 4 p.m. ET. Average volume has been 357,300 shares over the past 30 days.