NEW YORK ( TheStreet) -- Shares of CPI Corporation (NYSE: CPY) were gapping down Monday morning with an open price 18.9% lower than Friday's closing price. The stock closed at $1.59 Friday and opened today's trading at $1.29. The average volume for CPI has been 396,400 shares per day over the past 30 days. CPI has a market cap of $11.6 million and is part of the services sector and diversified services industry. Shares are down 12.2% year to date as of the close of trading on Friday. CPI Corp., through its subsidiaries, engages in the manufacture and sale of professional portrait photography of young children, individuals, and families. It also offers portrait products, portrait choices, ordering options, and service offerings with digital capabilities. The company has a P/E ratio of 6.8, below the average diversified services industry P/E ratio of 6.9 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates CPI as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full CPI 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.