NEW YORK ( TheStreet) -- Shares of Abercrombie & Fitch (NYSE: ANF) were gapping up Wednesday morning with an open price 10.9% higher than Tuesday's closing price. The stock closed at $44.59 Tuesday and opened today's trading at $49.44. The average volume for Abercrombie & Fitch has been 3.4 million shares per day over the past 30 days. Abercrombie & Fitch has a market cap of $3.93 billion and is part of the services sector and retail industry. Shares are down 8.7% year to date as of the close of trading on Tuesday. Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer of casual apparel for men, women, and kids. The company has a P/E ratio of 20.1, below the average retail industry P/E ratio of 20.5 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Abercrombie & Fitch as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Abercrombie & Fitch 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.