Green Dot Stock Falls On Unusually High Volume (GDOT)
NEW YORK (
) --
(NYSE:
) is trading at unusually high volume Friday with 867,563 shares changing hands. It is currently at four times its average daily volume and trading down $1.94 (-6.1%) at $30 as of 12:55 p.m. ET.
Green Dot has a market cap of $775.2 million and is part of the
sector and
industry. Shares are up 2.3% year to date as of the close of trading on Thursday.
Green Dot Corporation, a prepaid financial services company, together with its subsidiaries, provides money management solutions in the United States. The company offers general purpose reloadable prepaid debit cards, and cash loading and transfer services. The company has a P/E ratio of 30.1, below the average diversified services industry P/E ratio of 31.8 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Green Dot as a
. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, premium valuation and weak operating cash flow. You can view the full
.
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