Expedia Stock Gaps Up On Today's Open (EXPE)

NEW YORK ( TheStreet) -- Shares of Expedia (Nasdaq: EXPE) were gapping up Friday morning with an open price 17.4% higher than Thursday's closing price. The stock closed at $45.71 Thursday and opened today's trading at $53.68.

The average volume for Expedia has been four million shares per day over the past 30 days. Expedia has a market cap of $5.06 billion and is part of the services sector and leisure industry. Shares are up 14.8% year to date as of the close of trading on Thursday.

Expedia, Inc., together with its subsidiaries, operates as an online travel company in the United States and internationally. The company has a P/E ratio of 17.1, above the average leisure industry P/E ratio of 14.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Expedia as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself. You can view the full Expedia Ratings Report.

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