NEW YORK (TheStreet) -- Booz Allen Hamilton (BAH) - Get Report stock was declining on heavy trading volume mid-Wednesday afternoon after the New York Times reported that an NSA contractor working for the consulting firm was secretly arrested by the FBI in August for allegedly stealing classified computer codes created to hack foreign governments.
The contractor Harold Martin was charged with theft of government property and unauthorized removal or retention of classified documents, the Times adds.
Former NSA contractor Edward Snowden also worked for Booz Allen. The company handles much of the NSA's most sensitive cyber-operations.
About 2.57 million shares of Booz Allen have been traded so far today, well above the company's average trading volume of roughly 622,534 shares a day.
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B.
Booz Allen's strengths such as its revenue growth, solid stock price performance, increase in net income, growth in earnings per share and notable return on equity. We feel its strengths outweigh the fact that the company shows low profit margins.
You can view the full analysis from the report here: BAH
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 article's author.