NEW YORK (
) is trading at unusually high volume Thursday with 26.4 million shares changing hands. It is currently at four times its average daily volume and trading down $1.90 (-7.1%) at $24.72 as of 3:05 p.m. ET.
Best Buy has a market cap of $8.88 billion and is part of the
industry. Shares are up 13.9% year to date as of the close of trading on Wednesday.
Best Buy Co., Inc. operates as a retailer of consumer electronics, home office products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China. The company has a P/E ratio of 9.6, above the average retail industry P/E ratio of nine and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Best Buy as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and a generally disappointing performance in the stock itself. You can view the full
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