Harry Winston Stock Falls On Unusually High Volume (HWD) - TheStreet

NEW YORK (

TheStreet

) --

Harry Winston Diamond

(NYSE:

HWD

) is trading at unusually high volume Tuesday with 1.1 million shares changing hands. It is currently at four times its average daily volume and trading down 83 cents (-5.3%) at $14.93 as of 3:55 p.m. ET.

Harry Winston has a market cap of $972.3 million and is part of the

basic materials

sector and

metals & mining

industry. Shares are up 48% year to date as of the close of trading on Monday.

Harry Winston Diamond Corporation, a diamond company, engages in mining and retailing diamonds in Canada and internationally. The company has a P/E ratio of 762.5, above the average metals & mining industry P/E ratio of 52.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Harry Winston as a

hold

. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and generally poor debt management. You can view the full

Harry Winston Ratings Report

.

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