NEW YORK ( TheStreet) -- Shares of Best Buy (NYSE: BBY) were gapping up Monday morning with an open price 22.4% higher than Friday's closing price. The stock closed at $17.64 Friday and opened today's trading at $21.60.
The average volume for Best Buy has been 9.3 million shares per day over the past 30 days. Best Buy has a market cap of $5.91 billion and is part of the services sector and retail industry. Shares are down 24.5% year to date as of the close of trading on Friday. Best Buy Co., Inc. operates as a retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China. TheStreet Ratings rates Best Buy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Best Buy Ratings Report. Get more investment ideas from our investment research center.