Staples Stock Gaps Down On Today's Open (SPLS)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Shares of Staples (Nasdaq: SPLS) were gapping down Wednesday morning with an open price 16.3% lower than Tuesday's closing price. The stock closed at $13.46 Tuesday and opened today's trading at $11.27.

The average volume for Staples has been 11.2 million shares per day over the past 30 days. Staples has a market cap of $9.19 billion and is part of the services sector and specialty retail industry. Shares are down 3.1% year to date as of the close of trading on Tuesday.

Staples, Inc., together with its subsidiaries, operates as an office products company. The company offers various office supplies and services, office machines and related products, computers and related products, and office furniture under Staples, Quill, and other proprietary brands. The company has a P/E ratio of 9.6, above the average specialty retail industry P/E ratio of 9.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Staples as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full Staples Ratings Report.

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