NEW YORK ( TheStreet) -- Shares of Pantry (Nasdaq: PTRY) were gapping up Tuesday morning with an open price 10.2% higher than Monday's closing price. The stock closed at $11.99 Monday and opened today's trading at $13.21. The average volume for Pantry has been 192,800 shares per day over the past 30 days. Pantry has a market cap of $274.7 million and is part of the services sector and retail industry. Shares are up 1.8% year to date as of the close of trading on Monday. The Pantry, Inc. operates a chain of convenience stores in the southeastern United States. The company's stores offer a selection of merchandise, fuel, and ancillary products and services. The company has a P/E ratio of 27.7, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Pantry as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins. You can view the full Pantry 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.