Stock Gaps Down On Today's Open (SOHU)

NEW YORK ( TheStreet) -- Shares of (Nasdaq: SOHU) were gapping down Monday morning with an open price 13.6% lower than Friday's closing price. The stock closed at $63.05 Friday and opened today's trading at $54.48.

The average volume for has been 1.3 million shares per day over the past 30 days. has a market cap of $2.3 billion and is part of the technology sector and internet industry. Shares are up 26.2% year to date as of the close of trading on Friday. Inc., through its subsidiaries, engages in the brand advertising, sponsored search, and wireless businesses in China. Its brand advertising business provides advertisements on its portal Websites to companies to enhance brand awareness online. The company has a P/E ratio of 13.9, equal to the average internet industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Ratings Report.

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