NEW YORK (TheStreet) -- Shares of Walmart (WMT) - Get Report were falling in mid-afternoon trading on Thursday as the discount retailer said it was recalling 46,300 China-made tripod stools due to a fall hazard.
The Consumer Product Safety Commission (CPSC) said consumers should stop using the stools and return them for a full refund, MarketWatch reports.
The flaw came from the plastic collar that connects the three legs, the CPSC said. The product was sold at U.S. Walmart locations from June through August and priced at $6.
No accidents or injuries have been reported as a result of the product, the CPSC added.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
TheStreet Ratings team rates Walmart as a Buy with a ratings score of B. This is driven by multiple strengths, which it believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks it covers. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. The team feels its strengths outweigh the fact that the company shows low profit margins.
You can view the full analysis from the report here: WMT