Best Buy Stock Falls On Unusually High Volume (BBY) - TheStreet

NEW YORK (

TheStreet

) --

Best Buy

(NYSE:

BBY

) 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

services

sector and

retail

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

hold

. 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

Best Buy Ratings Report

.

See all heavy volume stocks in our

stocks moving on unusual volume list

or get investment ideas from our

investment research center

.

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