NEW YORK ( TheStreet) -- Shares of MKS Instruments (Nasdaq: MKSI) were gapping up Thursday morning with an open price 10.7% higher than Wednesday's closing price. The stock closed at $31.62 Wednesday and opened today's trading at $34.99. The average volume for MKS Instruments has been 320,100 shares per day over the past 30 days. MKS Instruments has a market cap of $1.58 billion and is part of the industrial goods sector and industrial industry. Shares are up 8.4% year to date as of the close of trading on Wednesday. MKS Instruments, Inc., together with its subsidiaries, provides instruments, subsystems, and process control solutions that measure, control, power, monitor, and analyze parameters of manufacturing processes worldwide. The company has a P/E ratio of 11.2, above the average industrial industry P/E ratio of 11 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates MKS Instruments 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, attractive valuation levels, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full MKS Instruments 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.