CB Richard Ellis Group Stock Falls On Unusually High Volume (CBG)
NEW YORK (TheStreet) -- CB Richard Ellis Group (NYSE:CBG) is trading at unusually high volume Thursday with 14 million shares changing hands. It is currently at four times its average daily volume and trading down $1.85 (-8.1%) at $21.07 as of 3:46 p.m. ET. CB Richard Ellis Group has a market cap of $7.6 billion and is part of the financial sector and real estate industry. Shares are up 11.9% year to date as of the close of trading on Wednesday. CB Richard Ellis Group, Inc., through its subsidiaries, operates as a commercial real estate services company worldwide. The company has a P/E ratio of 31.8, above the average real estate industry P/E ratio of 30.9 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates CB Richard Ellis Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, generally poor debt management and poor profit margins. You can view the full CB Richard Ellis Group 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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