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Trade-Ideas LLC identified

Voya Financial

(

VOYA

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Voya Financial as such a stock due to the following factors:

  • VOYA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $71.9 million.
  • VOYA has traded 215,107 shares today.
  • VOYA is trading at 2.19 times the normal volume for the stock at this time of day.
  • VOYA is trading at a new high 3.01% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on VOYA:

TheStreet Recommends

Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. It operates through five segments: Retirement, Annuities, Investment Management, Individual Life, and Employee Benefits. The stock currently has a dividend yield of 0.1%. VOYA has a PE ratio of 16. Currently there are 9 analysts that rate Voya Financial a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for Voya Financial has been 2.6 million shares per day over the past 30 days. Voya Financial has a market cap of $6.1 billion and is part of the financial sector and financial services industry. The stock has a beta of 1.72 and a short float of 1.2% with 1.77 days to cover. Shares are down 19.9% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Voya Financial as a

hold

. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

Highlights from the ratings report include:

  • VOYA, with its decline in revenue, underperformed when compared the industry average of 7.4%. Since the same quarter one year prior, revenues fell by 20.5%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Diversified Financial Services industry. The net income has significantly decreased by 107.7% when compared to the same quarter one year ago, falling from $1,378.80 million to -$106.80 million.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. When compared to other companies in the Diversified Financial Services industry and the overall market, VOYA FINANCIAL INC's return on equity is below that of both the industry average and the S&P 500.

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