OCZ Technology Group Stock Falls On Unusually High Volume (OCZ)

OCZ Technology Group (Nasdaq:OCZ) is trading at unusually high volume Wednesday with seven million shares changing hands. It is currently at 4.5 times its average daily volume and trading down 30 cents (-3.1%).
By TheStreet Wire ,

NEW YORK (

TheStreet

) --

OCZ Technology Group

(Nasdaq:

OCZ

) is trading at unusually high volume Wednesday with seven million shares changing hands. It is currently at 4.5 times its average daily volume and trading down 30 cents (-3.1%) at $9.12 as of 11:20 a.m. ET.

OCZ Technology Group has a market cap of $424.2 million and is part of the

technology

sector and

computer hardware

industry. Shares are up 42.4% year to date as of the close of trading on Tuesday.

OCZ Technology Group, Inc. engages in the design, manufacture, and distribution of Solid-State Drives (SSD) and computer components.

TheStreet Ratings rates OCZ Technology Group as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full

OCZ Technology 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

.

null

Loading ...