Rovi Stock Gaps Down On Today's Open (ROVI)

NEW YORK ( TheStreet) -- Shares of Rovi (Nasdaq: ROVI) were gapping down Friday morning with an open price 10.8% lower than Thursday's closing price. The stock closed at $28.25 Thursday and opened today's trading at $25.21.

The average volume for Rovi has been 1.2 million shares per day over the past 30 days. Rovi has a market cap of $3.16 billion and is part of the technology sector and computer software & services industry. Shares are up 14.9% year to date as of the close of trading on Thursday.

Rovi Corporation provides digital entertainment technology solutions for the discovery and management of entertainment content. The company has a P/E ratio of 316.2, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Rovi 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Rovi Ratings Report.

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