Shares of Express (NYSE:EXPR) were gapping down Wednesday morning with an open price 12.6% lower than Tuesday's closing price. The stock closed at $18.85 yesterday and opened today's trading at $16.48.
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 Express (NYSE: EXPR) were gapping down Wednesday morning with an open price 12.6% lower than Tuesday's closing price. The stock closed at $18.85 Tuesday and opened today's trading at $16.48.
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The average volume for Express has been 1.5 million shares per day over the past 30 days. Express has a market cap of $1.62 billion and is part of the services sector and retail industry. Shares are up 24.9% year to date as of the close of trading on Tuesday. Express, Inc. operates as a specialty apparel and accessory retailer primarily in the United States. Its stores provide apparel and accessories for women and men between 20 and 30 years old across various aspects of the lifestyles comprising work, casual, jeanswear, and going-out occasions. The company has a P/E ratio of 12.3, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Express as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Express 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.