NetSpend Stock Falls On Unusually High Volume (NTSP)
NEW YORK (TheStreet) -- NetSpend Holdings (Nasdaq:NTSP) is trading at unusually high volume Tuesday with 1.1 million shares changing hands. It is currently at four times its average daily volume and trading down 47 cents (-5%) at $9.01 as of 10:40 a.m. ET. NetSpend has a market cap of $688.5 million and is part of the services sector and diversified services industry. Shares are up 14.1% year to date as of the close of trading on Monday. Netspend Holdings, Inc., together with its subsidiaries, provides general-purpose reloadable prepaid debit cards (GPR cards) and related alternative financial services to underbanked consumers in the United States. The company has a P/E ratio of 25.7, below the average diversified services industry P/E ratio of 27.1 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates NetSpend 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 notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and weak operating cash flow. You can view the full NetSpend 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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