NEW YORK ( TheStreet) -- Shares of Ruby Tuesday (NYSE: RT) were gapping down Thursday morning with an open price 10.1% lower than Wednesday's closing price. The stock closed at $8.88 Wednesday and opened today's trading at $7.98. The average volume for Ruby Tuesday has been 520,000 shares per day over the past 30 days. Ruby Tuesday has a market cap of $466.9 million and is part of the services sector and leisure industry. Shares are up 28.7% year to date as of the close of trading on Wednesday. Ruby Tuesday, Inc., together with its subsidiaries, develops, operates, and franchises casual dining restaurants in the United States, Puerto Rico, Guam, and internationally. The company has a P/E ratio of 18.9, above the average leisure industry P/E ratio of 15.3 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Ruby Tuesday as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Ruby Tuesday 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.