NEW YORK ( TheStreet) -- Shares of Higher One Holdings (NYSE: ONE) were gapping down Wednesday morning with an open price 16% lower than Tuesday's closing price. The stock closed at $18.02 Tuesday and opened today's trading at $15.13. The average volume for Higher One has been 361,600 shares per day over the past 30 days. Higher One has a market cap of $970 million and is part of the services sector and diversified services industry. Shares are down 2.3% year to date as of the close of trading on Tuesday. Higher One Holdings, Inc. provides technology and payment services to the higher education industry in the United States. The company provides a suite of disbursement and payment solutions for higher education institutions and their students. The company has a P/E ratio of 31.6, above the average diversified services industry P/E ratio of 30.7 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Higher One 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 also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full Higher One 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.