NEW YORK ( TheStreet) -- Shares of Demand Media (NYSE: DMD) were gapping up Wednesday morning with an open price 19.2% higher than Tuesday's closing price. The stock closed at $7.93 Tuesday and opened today's trading at $9.45. The average volume for Demand Media has been 338,400 shares per day over the past 30 days. Demand Media has a market cap of $692 million and is part of the technology sector and internet industry. Shares are up 19.2% year to date as of the close of trading on Tuesday. Demand Media, Inc., together with its subsidiaries, identifies, creates, distributes, and monetizes in-demand and long-lived content formats. TheStreet Ratings rates Demand Media as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and feeble growth in the company's earnings per share. You can view the full Demand Media Ratings Report. Get more investment ideas from our investment research center.