NEW YORK (TheStreet) -- SK Telecom (NYSE:SKM) is trading at unusually high volume Friday with 6.8 million shares changing hands. It is currently at four times its average daily volume and trading down $1.16 (-6.8%) at $15.88 as of 3:02 p.m. ET. SK Telecom has a market cap of $11.6 billion and is part of the technology sector and telecommunications industry. Shares are down 8.5% year to date as of the close of trading on Thursday. SK Telecom Co., Ltd. provides wireless telecommunications services in Korea. The company has a P/E ratio of 1.1, below the average telecommunications industry P/E ratio of 9.8 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates SK Telecom 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 attractive valuation levels. However, as a counter to these strengths, we find that net income has been generally deteriorating over time. You can view the full SK Telecom 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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