Blackboard Stock Falls On Unusually High Volume (BBBB)
NEW YORK (TheStreet) -- Blackboard (Nasdaq:BBBB) is trading at unusually high volume Wednesday with 1.8 million shares changing hands. It is currently at four times its average daily volume and trading down $1.71 (-3.6%) at $46.20 as of 12:41 p.m. ET. Blackboard has a market cap of $1.3 billion and is part of the technology sector and computer software & services industry. Shares are up 16% year to date as of the close of trading on Tuesday. Blackboard Inc. provides enterprise software applications and related services to the education industry in the United States. The company has a P/E ratio of 77.4, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 16.3. TheStreet Ratings rates Blackboard as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and generally poor debt management. You can view the full Blackboard Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
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