QuinStreet Stock Gaps Down On Today's Open (QNST)

NEW YORK ( TheStreet) -- Shares of QuinStreet (Nasdaq: QNST) were gapping down Tuesday morning with an open price 16.6% lower than Monday's closing price. The stock closed at $10.51 Monday and opened today's trading at $8.77.

The average volume for QuinStreet has been 349,500 shares per day over the past 30 days. QuinStreet has a market cap of $488.6 million and is part of the services sector and media industry. Shares are up 12.3% year to date as of the close of trading on Monday.

QuinStreet, Inc. operates as a vertical marketing and media online company in the United States and internationally. It provides direct marketing services, including the delivery of leads or paid clicks; and hosted solution and related services for clients in the direct selling industry. The company has a P/E ratio of 24, above the average media industry P/E ratio of 23.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates QuinStreet as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full QuinStreet Ratings Report.

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