Wonder Auto Technology Stock Falls On Unusually High Volume (WATG)

NEW YORK ( TheStreet) -- Wonder Auto Technology (Nasdaq: WATG) is trading at unusually high volume Wednesday with two million shares changing hands. It is currently at four times its average daily volume and trading down 38 cents (-5.4%) at $6.71 as of 3:57 p.m. ET. Wonder Auto Technology has a market cap of $237.4 million and is part of the consumer goods sector and automotive industry. Shares are down 6% year to date as of the close of trading on Tuesday.

Wonder Auto Technology, Inc., through its subsidiaries, engages in the design, development, manufacture, and marketing of electrical parts, suspension products, and engine components. The company has a P/E ratio of 7.7, equal to the average automotive industry P/E ratio and below the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Wonder Auto Technology as hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and impressive record of earnings per share growth. 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 disappointing return on equity. You can view the full Wonder Auto Technology Ratings Report.

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