NEW YORK (
) is trading at unusually high volume Wednesday with 2.6 million shares changing hands. It is currently at 6.1 times its average daily volume and trading up 24 cents (+2.6%) at $9.39 as of 4 p.m. ET.
Nara has a market cap of $393.8 million and is part of the
industry. Shares are down 7.2% year to date as of the close of trading on Tuesday.
Nara Bancorp, Inc. operates as the holding company for Nara Bank that provides commercial banking services primarily to small-to medium-sized businesses in California. The company has a P/E ratio of 13.3, above the average banking industry P/E ratio of 12.7 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Nara as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full
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