SouFun Stock Gaps Down On Today's Open (SFUN)

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.

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