NEW YORK ( TheStreet) -- Shares of Stamps.com (Nasdaq: STMP) were gapping up Thursday morning with an open price 12.2% higher than Wednesday's closing price. The stock closed at $28.30 Wednesday and opened today's trading at $31.74. The average volume for Stamps.com has been 381,500 shares per day over the past 30 days. Stamps.com has a market cap of $451.9 million and is part of the services sector and retail industry. Shares are up 8.3% year to date as of the close of trading on Wednesday. Stamps.com Inc. provides Internet-based postage solutions. The company offers solutions to mail and ship various mail pieces, including postcards, envelopes, flats, and packages. The company has a P/E ratio of 16, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Stamps.com as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Stamps.com Ratings Report. Get more investment ideas from our investment research center.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Markets
Stocks Rise Modestly in Cautious Trading Ahead of Federal Reserve Meeting
Stocks rise modestly though investors are adopting a cautious stance heading into this week's Federal Reserve meeting.
Boeing, Airbus and United Technologies - 3 Things to Watch at Paris Air Show
Boeing, Airbus, United Technologies among the big reveals at the 2019 Paris Air Show.