Shares of SouFun Holdings (NYSE:SFUN) were gapping down Wednesday morning with an open price 10.9% lower than Tuesday's closing price. The stock closed at $18.25 yesterday and opened today's trading at $16.26.
NEW YORK ( TheStreet) -- Shares of SouFun Holdings (NYSE: SFUN) were gapping down Wednesday morning with an open price 10.9% lower than Tuesday's closing price. The stock closed at $18.25 Tuesday and opened today's trading at $16.26. The average volume for SouFun has been 204,100 shares per day over the past 30 days. SouFun has a market cap of $1.52 billion and is part of the technology sector and internet industry. Shares are up 25% year to date as of the close of trading on Tuesday. SouFun Holdings Limited operates a real estate Internet portal in the People's Republic of China. The company has a P/E ratio of 15.8, below the average internet industry P/E ratio of 25.2 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates SouFun as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full SouFun 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.