Leapfrog Stock Gaps Up On Today's Open (LF)

NEW YORK ( TheStreet) -- Shares of Leapfrog (NYSE: LF) were gapping up Friday morning with an open price 10.6% higher than Thursday's closing price. The stock closed at $8.98 Thursday and opened today's trading at $9.93.

The average volume for Leapfrog has been 856,900 shares per day over the past 30 days. Leapfrog has a market cap of $519.4 million and is part of the consumer goods sector and consumer durables industry. Shares are up 60.6% year to date as of the close of trading on Thursday.

LeapFrog Enterprises, Inc. designs, develops, and markets technology-based learning products and related proprietary content for children worldwide. The company has a P/E ratio of 31.1, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Leapfrog as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Leapfrog Ratings Report.

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