Shares of SINA Corporation (Nasdaq:SINA) were gapping up Monday morning with an open price 18.4% higher than Friday's closing price. The stock closed at $50.30 yesterday and opened today's trading at $59.58.
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 SINA Corporation (Nasdaq: SINA) were gapping up Monday morning with an open price 18.4% higher than Friday's closing price. The stock closed at $50.30 Friday and opened today's trading at $59.58.
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The average volume for SINA has been two million shares per day over the past 30 days. SINA has a market cap of $3.33 billion and is part of the technology sector and internet industry. Shares are down 0.7% year to date as of the close of trading on Friday. SINA Corporation provides online media and mobile value-added services (MVAS) in the People's Republic of China. It provides advertising, non-advertising, and free services through SINA.com, Weibo.com, and SINA Mobile. The company has a P/E ratio of 106.1, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates SINA as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and unimpressive growth in net income. You can view the full SINA Ratings Report. Get more investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.