Opentable Stock Gaps Down On Today's Open (OPEN)

NEW YORK ( TheStreet) -- Shares of Opentable (Nasdaq: OPEN) were gapping down Wednesday morning with an open price 15.8% lower than Tuesday's closing price. The stock closed at $43.68 Tuesday and opened today's trading at $36.78.

The average volume for Opentable has been 1.2 million shares per day over the past 30 days. Opentable has a market cap of $1.01 billion and is part of the technology sector and internet industry. Shares are up 11.6% year to date as of the close of trading on Tuesday.

OpenTable, Inc. provides restaurant reservation solutions in the United States, Canada, Germany, Japan, Mexico, and the United Kingdom. It offers solutions that form an online network connecting reservation-taking restaurants and people who dine at those restaurants. The company has a P/E ratio of 50.8, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Opentable as a hold. 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 and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and weak operating cash flow. You can view the full Opentable Ratings Report.

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