NEW YORK ( TheStreet) -- Shares of Shutterfly (Nasdaq: SFLY) were gapping up Tuesday morning with an open price 10.3% higher than Monday's closing price. The stock closed at $31.16 Monday and opened today's trading at $34.36. The average volume for Shutterfly has been 1.2 million shares per day over the past 30 days. Shutterfly has a market cap of $1.13 billion and is part of the technology sector and internet industry. Shares are up 36.9% year to date as of the close of trading on Monday. Shutterfly, Inc. provides an Internet-based social expression and personal publishing service that enables consumers to share, print, and preserve their digital photos through the medium of photography in the United States. The company has a P/E ratio of 79.2, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Shutterfly as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Shutterfly Ratings Report. Get more investment ideas from our investment research center.