NEW YORK (
) is trading at unusually high volume Friday with 2.3 million shares changing hands. It is currently at four times its average daily volume and trading down $1.18 (-5.7%) at $19.40 as of 2:25 p.m. ET.
Constant Contact has a market cap of $601.5 million and is part of the
industry. Shares are down 33.6% year to date as of the close of trading on Thursday.
Constant Contact, Inc. provides on-demand email marketing, social media marketing, event marketing, and online survey solutions primarily in the United States. The company has a P/E ratio of 147.9, above the average media industry P/E ratio of 144.8 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Constant Contact as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full
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