NEW YORK (

TheStreet

) --

OfficeMax

(NYSE:

OMX

) is trading at unusually high volume Thursday with 8.6 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $2.33 (-18.6%) at $10.16 as of 11:57 a.m. ET.

OfficeMax has a market cap of $1.1 billion and is part of the

services

sector and

specialty retail

industry. Shares are down 29.4% year to date as of the close of trading on Wednesday.

OfficeMax Incorporated, together with its subsidiaries, distributes business-to-business and retail office products. The company has a P/E ratio of 15.7, equal to the average specialty retail industry P/E ratio and below the S&P 500 P/E ratio of 16.9.

TheStreet Ratings rates OfficeMax as a

TheStreet Recommends

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally poor debt management and weak operating cash flow. You can view the full

OfficeMax Ratings Report

.

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