NEW YORK ( TheStreet) -- Shares of Badger Meter (NYSE: BMI) were gapping up Thursday morning with an open price 13.8% higher than Wednesday's closing price. The stock closed at $33.91 Wednesday and opened today's trading at $38.59. The average volume for Badger Meter has been 106,600 shares per day over the past 30 days. Badger Meter has a market cap of $506.6 million and is part of the technology sector and electronics industry. Shares are up 15.2% year to date as of the close of trading on Wednesday. Badger Meter, Inc. manufacturers and marketers flow measurement and control products to water and gas utilities, municipalities, and industrial customers worldwide. Its products are used in various applications, including water, oil, and lubricants. The company has a P/E ratio of 27, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Badger Meter as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and premium valuation. You can view the full Badger Meter Ratings Report. Get more investment ideas from our investment research center.