Shares of Groupon (Nasdaq:GRPN) were gapping down Thursday morning with an open price 28.9% lower than Wednesday's closing price. The stock closed at $5.98 yesterday and opened today's trading at $4.25.
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 Groupon (Nasdaq: GRPN) were gapping down Thursday morning with an open price 28.9% lower than Wednesday's closing price. The stock closed at $5.98 Wednesday and opened today's trading at $4.25.
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The average volume for Groupon has been 13.8 million shares per day over the past 30 days. Groupon has a market cap of $3.63 billion and is part of the technology sector and internet industry. Shares are up 14.2% year to date as of the close of trading on Wednesday. Groupon, Inc. operates as a local commerce marketplace that connects merchants to consumers by offering goods and services at a discount in North America and internationally. TheStreet Ratings rates Groupon as a sell. The area that we feel has been the company's primary weakness has been its poor profit margins. You can view the full Groupon Ratings Report. Get more investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.