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 Expedia (Nasdaq: EXPE) were gapping up Friday morning with an open price 15% higher than Thursday's closing price. The stock closed at $51.25 Thursday and opened today's trading at $58.95.
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The average volume for Expedia has been 2.8 million shares per day over the past 30 days. Expedia has a market cap of $6.43 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, below the average leisure industry P/E ratio of 18.9 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Expedia as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Expedia Ratings Report. Get more investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.