Delhaize Group Stock Gaps Down On Today's Open (DEG)

NEW YORK ( TheStreet) -- Shares of Delhaize Group (NYSE: DEG) were gapping down Thursday morning with an open price 10.7% lower than Wednesday's closing price. The stock closed at $47.48 Wednesday and opened today's trading at $42.40.

The average volume for Delhaize Group has been 38,800 shares per day over the past 30 days. Delhaize Group has a market cap of $4.98 billion and is part of the services sector and retail industry. Shares are down 15.8% year to date as of the close of trading on Wednesday.

Etablissements Delhaize Freres et Cie 'Le Lion' (Groupe Delhaize) SA, together with its subsidiaries, engages in the operation of food supermarkets in the United States, Belgium, southeastern Europe, and Asia. It also operates other store formats, such as proximity stores. The company has a P/E ratio of 8.1, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Delhaize Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive 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 Delhaize Group Ratings Report.

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