NEW YORK (
) is trading at unusually high volume Wednesday with 6.9 million shares changing hands. It is currently at 5.5 times its average daily volume and trading up 66 cents (+3.4%) at $20.30 as of 10:40 a.m. ET.
Koninklijke Philips has a market cap of $18 billion and is part of the
industry. Shares are down 6.3% year to date as of the close of trading on Tuesday.
Koninklijke Philips Electronics N.V. engages in the healthcare, consumer lifestyle, and lighting product businesses worldwide. The company offers screening, diagnosis, treatment, monitoring, and health management services in cardio-pulmonary, oncology, and women's health areas.
TheStreet Ratings rates Koninklijke Philips 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full
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