Shares of Sealed Air Corporation (NYSE:SEE) were gapping down Thursday morning with an open price 10.1% lower than Wednesday's closing price. The stock closed at $15.80 yesterday and opened today's trading at $14.21.
NEW YORK ( TheStreet) -- Shares of Sealed Air Corporation (NYSE: SEE) were gapping down Thursday morning with an open price 10.1% lower than Wednesday's closing price. The stock closed at $15.80 Wednesday and opened today's trading at $14.21.
The average volume for Sealed Air has been 2.3 million shares per day over the past 30 days. Sealed Air has a market cap of $3.14 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 8.2% year to date as of the close of trading on Wednesday. Sealed Air Corporation, through its subsidiaries, provides food safety and security, facility hygiene, and product protection solutions worldwide. The company has a P/E ratio of 37.7, above the average consumer non-durables industry P/E ratio of 36.8 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Sealed Air as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Sealed Air Ratings Report. Get more investment ideas from our investment research center.